XRP Misses Out as Macro Rally Lifts Bitcoin and Ethereum
A sharp drop in US inflation and strong bank earnings have propelled Bitcoin and Ethereum higher, but XRP is lagging as capital rotation stalls and a key Senate vote is delayed.
June's Consumer Price Index fell 0.4%, the steepest single-month drop since April 2020, crushing July rate hike odds from 31% to single digits. Combined with better-than-expected second-quarter earnings from Goldman Sachs, JPMorgan, Morgan Stanley, and Citi, the macro environment sparked a decisive crypto rally. Bitcoin broke $64,000 resistance to clear $65,000, while Ethereum surged nearly 6% to touch $1,900.
While the broader market consolidated in an orderly pullback of less than 3% for most top 50 coins, XRP proved unable to capitalize on the momentum. The token is trading at $1.10, down 0.54% on the day, leaving its market cap around $69 billion. Even during the peak of the rally, XRP failed to break its Crypto Winter price resistance.
For market professionals, XRP’s underperformance highlights the current mechanics of crypto capital allocation. The Altcoin Season Index sits at 45, indicating that money is not yet rotating down the risk curve. Capital typically flows into Bitcoin first, then Ethereum—which historically leads broader recoveries—before reaching alternative tokens. Ethereum's steeper prior crash explains its stronger rebound momentum this week.
XRP’s chart structure reflects this lack of conviction. The token is trapped in a confirmed death cross, with its 50-day moving average well below the 200-day average since sliding from its July 2025 all-time high of $3.65. The Average Directional Index reads 13.3, far below the 25 threshold needed to confirm a trend, while the Relative Strength Index sits at an indifferent 48.5.
Without its own catalysts, XRP is forced to trade purely on macro sentiment, a contest it is currently losing. The Clarity Act, legislation that could classify the token as a commodity and unlock institutional ETF demand, missed its expected July 4 Senate floor vote. The bill is now unlikely to reach the floor until late July or August.
XRP is currently testing weak support from a recent move between $1.18 and $1.05. Holding the $1.08 level could allow a push toward $1.13, but a breach risks reopening a path down to $1.06 and a critical floor at $1.02. Ondo was the sole standout in the top 100, gaining 14% on tokenization momentum, underscoring how capital is bypassing XRP for assets with clearer near-term narratives.
