In the United States, inflation data are lagging behind in June and risk assets are generally stronger this week. Bitcoin went up $65,000, nearly 6 per cent a week. But in this round of rebound, XRP's heel is clearly weak. Foreign media analysis indicates that market funds continue to flow to Bitcoin and Etherpo in priority and have not yet shifted widely to Yamatoco.

Macro-heating-driven rebound

It was reported that the consumer price index in the United States declined by 0.4 per cent in June, the largest single-month decline since April 2020. After the release of the data, the market's expectation of the Federal Reserve's continued interest rate hike in July was significantly cooled, and the US share went up in step with encrypted assets.

Large Wall Street banks also performed better than expected in the second quarter, further boosting risk preferences. The $64,000 line that had been suppressed for weeks in bitcoin was breached, while the Ether House touched the vicinity of $1900. The market fell on Thursday, but most of the tokens fell below 3 per cent before market value, and the whole was more like short-lined.

The main currency behind the growth of XRP

According to external sources, the XRP is open on Thursdays at approximately US$ 1.11, with a medium-high point of about US$ 1.117, and then back to the vicinity of US$ 1.10 with a small drop in the day. XRP has not given greater elasticity at the market stage than bitcoin, Ethera.

The article quoted the Shan Quarterly Index, which is currently in the vicinity of 45 and below 50, indicating that market dominance remains in the hands of Bitcoin and the Ethera, and that funds have not spread in a more high-risk direction. At the beginning of July, when Bitcoin rebounded in large-scale empty silos, the growth of XRP was also significantly weaker than that of the Ether and Solana.

The Senate Bill is delayed.

The current lack of independence of the XRP was reported to be one of the reasons. The timing of the United States Senate vote on Clarity Act, which was originally of market interest, has been postponed from the early part of July, as previously anticipated, and the new point may have fallen in late July or later. Because of the lack of a clear agenda, the XRP is now more subject to overall risk mood fluctuations.

1.08 USD for short-line support

Technically, the article states that the XRP is now near the weak support between the previous fall. If the current position is maintained, the price or the opportunity to be tested again is US$ 1.13; if the US$ 1.08 is missed, the market may look back at US$ 1.06 or even US$ 1.02.

It is also mentioned that the ADX indicator, which measures the intensity of the trend, is about 13.3 below the generally recognized level of 25, indicating that the current trend is still convulsive. The relative strength and weakness indicator RSI is about 48.5 and is in a neutral region, with no apparent unilateral kinetic energy.

Of even greater concern is the fact that the XRP dailies are still in a “death intersection” form, i.e., 50 dailies below 200 dailies. According to external sources, this reflects a medium-term trend that has not been significantly repaired. Next, whether or not the XRP can get out of the process depends on whether bitcoin can hold up to $64,000 and whether the United States Senate bill provides a clearer timetable.