Bitcoin Faces Uncertainty Amid 400% Volume Surge; XRP Sees Correction and Ethereum Holds Dominance

Bitcoin price surged 400% but is now facing intense selling pressure, with a potential decline to $110,385 or $106,211. XRP is experiencing its first correction after a parabolic run, but the move appears healthy and not a collapse. Ethereum remains dominant despite the market volatility.

Bitcoin's price surged past $100,000 in June 2025, but it now faces intense selling pressure. A TD Sequential sell-signal on the quarterly chart suggests a potential market correction, with Bitcoin prices potentially declining to $110,385 or $106,211 [1].

Technical analysts, such as Ali Martinez, argue that the current sell-signal aligns with past corrections in 2015 and 2018, where Bitcoin prices fell by up to 85% from peak levels. However, other analysts like CryptoGoos challenge this bearish interpretation, pointing to a strong market structure and the absence of a double-top pattern [1].

Bitcoin's recent price action shows a consolidation phase between $118,000 and $120,000, forming a symmetrical triangle pattern on the 1-hour chart. The flattening Bollinger Bands and a Stochastic RSI entering overbought territory suggest heightened volatility. A sustained breakout above $120,000 could push Bitcoin toward its all-time high of $123,218, while a breakdown below $118,000 risks testing support near $112,000 [1].

Momentum indicators such as the RSI (45-49) and MACD (-78.12 vs -61.05) reflect neutral to weakening conditions. On-chain data further complicates the outlook, with trading volume dropping 15% to $90.8 billion and open interest declining 1.81% to $84.22 billion. Coinglass attributes these trends to traders closing positions ahead of a potential breakout, while the Parabolic SAR’s indecisive positioning and a muted Chaikin Money Flow of +0.20 highlight market equilibrium [1].

XRP, on the other hand, is experiencing its first correction after a parabolic run. The altcoin has seen a 92% rally over the past month, rising from $1.95 to surpass the $3.6 level. However, the rally took a brief pause as XRP corrected by 16%, and is now trading at $3.05. Analysts like JD predict a "biblical move" in the coming months, with a significant price explosion followed by a historic crash. Shawn Marks also forecasts a potential explosive rally toward the $10-$15 range [3].

Ethereum remains dominant despite the market volatility. The second-largest cryptocurrency continues to attract institutional demand, with companies like BitMine and SharpLink Gaming adding significant ETH to their balance sheets. Ethereum's potential to outperform in the near term has sparked interest, with companies adopting it for treasury strategies and infrastructure development [2].

The broader macroeconomic environment has provided some tailwinds, with a weakening US Dollar Index near 97.00 easing pressure on risk assets and indirectly supporting crypto markets. However, the absence of major U.S. regulatory developments means technical levels remain the primary driver of short-term sentiment [3].

In summary, Bitcoin faces intense selling pressure with a potential decline to $110,385 or $106,211, while XRP experiences a healthy correction after a parabolic run. Ethereum remains dominant, attracting institutional demand and infrastructure development. The crypto market continues to be driven by technical levels and macroeconomic factors.

References:
[1] [Crypto Today: Bitcoin Consolidates, Ethereum and XRP ...](https://www.mitrade.com/insights/news/live-news/article-3-977525-20250722)
[2] [Las noticias de hoy sobre criptomonedas](https://www.binance.com/es-AR/square/news/all)
[3] [Analyst Predicts Bitcoin at $150K While WeWake Can Lead New Crypto Presale Trend](https://coindoo.com/analyst-predicts-bitcoin-at-150k-while-wewake-can-lead-new-crypto-presale-trend/)