Jakarta, Pintu News – As reported by Coinpedia (1/7/25), the crypto market capitalization in early July saw a slight increase of 0.42% to $3.3 trillion, reflecting a cautiously optimistic attitude from investors.
The Fear & Greed index stood at 50, signaling neutral conditions after a month of volatility. Meanwhile, trading volume increased by 13.08% to $99.85 billion, but major assets such as Bitcoin and Ethereum still moved within a limited price range.
On the other hand, XRP is showing increased interest again ahead of an important meeting with the SEC and a major tech update. In this analysis, we will discuss the direction in which BTC, ETH, and XRP will move in July.
As of July 1, Bitcoin was trading at $106,912, with limited intraday movement between $106,759 and $107,971. Despite a slight decline of -0.65%, market sentiment remained neutral.
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Interestingly, BlackRock’s iShares Bitcoin ETF has surpassed $72 billion in assets under management (AUM), signaling increased institutional interest despite flat participation from retail investors.
Technically, Bitcoin is still consolidating in the range of $104,000 to $110,000, forming a potential accumulation pattern. If BTC is able to hold above the $106,000 support level and trading volume increases, there is a chance of moving towards $113,000, even up to $120,000.
However, if it fails to maintain the current range, BTC could experience a mild correction to around $101,500.
Ethereum is showing signs of internal strength, with price movements trending flat at $2,462.
Price action remains within the $2,438-$2,521 range, but the rapid decline in supply on exchanges-which is now only 17.1 million ETH-indicates that investors are starting to withdraw tokens from centralized platforms, anticipating potential future gains.
A narrowing price range and declining supply is usually a signal that a breakout is on the way. If ETH is able to break above $2,550, the upside potential towards $2,650 is wide open.
Conversely, if it fails to hold the $2,420 level, a short-term correction to around $2,200 could occur. The market bias remains cautiously bullish as long as the on-chain data supports the accumulation pattern.
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XRP has risen nearly 2% to $2.22 (1/7/25), driven by momentum from the announcement of the launch of an EVM-compatible sidechain, as well as a crucial meeting between Ripple and the SEC scheduled for July 3.
The development has sparked renewed enthusiasm in the community, reflected by healthy daily volumes of $4.05 billion.
Technically, XRP is currently holding above the $2.17 support zone. If the bullish momentum continues and positive news emerges from the SEC side, XRP could potentially test the $2.35 resistance level, and even target $2.80 in a longer rally-it could even extend to $3.
However, in case of delays or unfavorable results, XRP could drop back towards the $2.15 level.
That’s the latest information about crypto. Follow us on Google News to stay up-to-date on the world of crypto and blockchain technology.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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