XRP Lags as Bitcoin Tops $65K, Ethereum Jumps 6%
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- XRP slipped 0.54% to $1.10 on Thursday while Bitcoin cleared $65K and Ethereum surged nearly 6% on June CPI data showing a 0.4% drop — the steepest single-month fall since April 2020 — which collapsed Fed July rate hike odds from 31% to single digits.
- XRP's technical picture stays bearish with an overall indicator score of -42%, a confirmed daily death cross it has been trapped in since sliding from its $3.65 July 2025 all-time high, an ADX reading of 13.3 (well below the 25 trend threshold), and RSI at 48.5.
- The Clarity Act missed its expected July 4 Senate floor vote — legislation that could classify XRP as a commodity and unlock institutional ETF demand — and now looks likely to land in late July or August at the earliest, stripping the token of its near-term catalyst.
- The Altcoin Season Index sits at 45, below the 50 threshold signaling Bitcoin and Ethereum dominance, confirming capital isn't rotating to altcoins; in early July a $602 million short liquidation event pushed Bitcoin back toward $62K and XRP managed just 3% while Ethereum and Solana nearly doubled that move.
- Ondo rose over 14% on Thursday on tokenization momentum, making it the sole top-100 standout while most top-50 coins pulled back less than 3%.
Why it matters: The Clarity Act's missed July 4 vote strips XRP of its nearest catalyst through at least August, leaving it trading on macro sentiment alone — against assets where Bitcoin absorbs inflows first and Ethereum typically leads recoveries, a pattern the Altcoin Season Index at 45 confirms.
