XRP News Today: Ethereum's 40% Rally Outpaces Bitcoin Resistance XRP's Bearish Reversal Risks

Ethereum’s price action on July 29, 2025, demonstrated sustained bullish momentum, outperforming Bitcoin’s consolidation phase and contrasting with XRP’s potential bearish reversal pattern. The second-largest cryptocurrency by market capitalization maintained a rally above $3,800, driven by robust trading volume and alignment with key moving averages. Ethereum’s 50-day and 200-day exponential moving averages (EMAs) provided critical support, reinforcing its ability to break above the $2,900 threshold and push toward psychological resistance near $4,000 [1]. Despite a Relative Strength Index (RSI) above 80 indicating overbought conditions, the asset’s trend remained intact, with market participants citing strong demand and limited signs of near-term corrections [1].

Bitcoin, meanwhile, faced a critical resistance level at $120,000, where repeated attempts to close above had triggered selling pressure. The cryptocurrency consolidated within a range defined by the 50-day EMA ($115,000) and 100-day EMA ($111,000), with the RSI at 61 reflecting neutral momentum during this phase [1]. Analysts noted that a decisive breakout above $120,000 with strong volume would validate the continuation of the bullish trend, while failure to do so risked a retracement toward $108,000–$111,000 support levels [1].

XRP, however, signaled technical vulnerabilities as it approached a potential double top near $3.50, a bearish reversal pattern. A failure to break and sustain above this level could trigger a pullback to the $3.00–$3.10 neckline, with further declines targeting support near $2.60. The RSI nearing 75 and declining volume during the recent rally highlighted waning buying interest, raising concerns about exhaustion in the short-term bullish narrative [1]. Market observers emphasized the importance of monitoring the neckline’s integrity, as a confirmed breakdown would validate the double top formation and likely initiate a correction phase [1].

The divergence in technical outlooks underscored varying market dynamics among the three cryptocurrencies. Ethereum’s continued strength, supported by its recent 40% gain and strong volume, contrasted with Bitcoin’s cautious consolidation and XRP’s fragile momentum. While Ethereum’s trajectory suggested resilience in the face of overbought conditions, Bitcoin’s next move hinged on the psychological $120,000 threshold, and XRP’s double top pattern posed a near-term reversal risk. Investors were advised to closely track volume shifts and key resistance/support levels to navigate the evolving landscape [1].

Source: [1] [Ethereum Shows Continued Strength Amid Bitcoin Resistance and XRP Technical Risks] [https://en.coinotag.com/ethereum-shows-continued-strength-amid-bitcoin-resistance-and-xrp-technical-risks/]