Ethereum is showing stronger network activity despite a relatively modest price recovery. A sharp increase in smart contract deployments is coinciding with rising exchange liquidity and leveraged trading, according to CryptoQuant analyst CryptoOnchain.
A recent analysis has identified that Cardano is trending within a descending wedge, and a breakout could take the altcoin to $0.60. Specifically, Crypto Banter’s Sheldon shared this Cardano (ADA) price analysis in a recent YouTube livestream.
XRP has reached an important resistance level after breaking above the Ichimoku Cloud on the one-hour chart amid a recent rebound push. The breakout has improved the token's short-term outlook, but buyers still need to push through key resistance levels before they can confirm that the recovery has more room to continue.
Shiba Inu is showing renewed signs of weakness as its current price action closely resembles a bearish setup that unfolded in 2023. According to analysts, Shiba Inu's recent market structure shares a 91.2% similarity with the price pattern recorded between April and June 2023, increasing the possibility of another downside move before any meaningful recovery.
XRP is showing early signs that it has regained bullish momentum after breaking out of a structure that has suppressed its price for several weeks. The coin’s bullish price action over the past few days has aided this breakout.
Crypto investor Mike Alfred has ignited fresh debate across the digital asset community after sharing an unusually bearish long-term outlook for XRP. In a post on X, Alfred revealed that he expects Bitcoin (BTC) to eventually reach a long-term target of $1.5 million per coin and Ethereum (ETH) to climb to $31,500.
XRP has a positive average performance record in July of every midterm year, and its price trend so far suggests a repeat. At the time of writing, XRP trades at $1.088, down less than 1% in the past 24 hours.
Bitcoin spot demand has weakened sharply even as its price has remained relatively stable in recent weeks. According to CryptoQuant, this divergence could leave the market vulnerable if selling pressure returns.
XRP has entered a difficult position after falling below all four of its major exponential moving averages (EMAs) on the daily chart. At the time of writing, the token trades at $1.0863, below the 20-day, 50-day, 100-day, and 200-day EMAs.
XRP has continued to trade within a falling channel since dropping from the $3.6 peak, with the structure now mapping a path above $3. Notably, for almost a year, the token has formed a pattern of lower highs and lower lows while staying between two downward-sloping parallel trend lines.
XRP is going through another deleveraging phase on Binance. According to CryptoQuant author Darkfost, a key derivatives metric has dropped to one of its lowest levels since late 2024.
The XRP community is discussing the token's long-term value based on its current share of the cryptocurrency market. XRP currently accounts for 3.13% of the total crypto market, which stands at $2.15 trillion today.
XRP is getting close to the entry zone of a potential bullish Gartley harmonic pattern, which could mark the end of the ongoing correction. Currently, XRP changes hands at $1.0685, and the entry zone also aligns with a long-established demand area between $1.02 and $1.0448.
XRP's price could drop further as whale activity on the XRP Ledger has slowed considerably, signaling reduced participation from large investors. According to Santiment data shared by Ali Martinez, the number of XRP transactions valued above $1 million has fallen by 97% in one week.
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