Bitcoin News Today: XRP Drops 12% as Bitcoin Slips 1.8% in Volatile Crypto Week

The cryptocurrency market navigated a turbulent week in July 2025, with divergent performances among key assets. XRP, the token underpinning the Ripple network, faced sharp declines, dropping 12% in 24 hours amid broader market weakness, while Bitcoin Cash (BCH) emerged as a standout performer. Bitcoin itself dipped 1.8% to $116,365, weighed down by $531 million in options liquidations and heightened trading volume. The week’s volatility underscored the sector’s susceptibility to macroeconomic shifts and institutional trading dynamics [7].

XRP’s struggles were exacerbated by $105 million in liquidated long positions, yet the token held its $2.99 support level, offering a glimmer of short-term stability. On-chain data revealed a counterpoint to the price action: the XRP network added 7,500 new addresses daily, highlighting continued adoption despite the bearish price trajectory. This divergence between user growth and market sentiment reflected the token’s complex valuation dynamics, particularly as Ripple’s legal challenges remain a looming overhang [2][9].

Bitcoin Cash, in contrast, bucked the downward trend, though precise figures for its gains were not disclosed. Its surge contrasted with Bitcoin’s retreat, illustrating the growing independence of altcoins in a market where Bitcoin’s dominance dipped to 60.9%. The Ethereum ETF’s $10 billion valuation and MicroStrategy’s ongoing Bitcoin accumulation further complicated market psychology, creating a tug-of-war between institutional buying and speculative exits [3][8]. A major Bitcoin whale’s $9 billion liquidation also intensified downward pressure, amplifying the week’s uncertainty [3].

Analysts highlighted the interplay between on-chain metrics and price action. XRP’s address growth suggested underlying utility and resilience, potentially positioning the token for future recovery. However, its exposure to legal risks and liquidation volatility remained critical concerns. For BCH, the rally hinted at renewed interest in its scalability and transactional efficiency, aligning with narratives advocating Layer 1 blockchains as foundational infrastructure [9][10].

The week’s developments also underscored structural shifts in market dynamics. While Bitcoin’s leadership persisted, Ethereum and altcoins gained traction, a trend likely to intensify as the Ethereum ETF’s performance and regulatory clarity for Ripple evolve. Traders now face a pivotal juncture, with macroeconomic indicators and institutional strategies poised to shape the next phase of market movement [10].

Source: [2] [XRP Holds Above $2.99 Support Amid Market Volatility] https://www.bitcoininsider.org/article/280305/xrp-holds-above-299-support-amid-market-volatility-check-forecast [3] [One of the Biggest Bitcoin Whales in History Just Cashed Out $9 Billion] https://decrypt.co/331939/one-biggest-bitcoin-whales-history-cashed-out-9-billion [7] [Crypto Price Analysis 7-25: BITCOIN, ETHEREUM] https://cryptodaily.co.uk/2025/07/crypto-price-analysis-7-25-bitcoin-btc-ethereum-eth-solana-sol-near-protocol-near-chainlink-link [8] [Public Keys: Strategy Stretches Bitcoin Raise and ...] https://decrypt.co/331904/public-keys-strategy-bitcoin-mara-blackrock-ethereum-etf [9] [XRP Adoption Strong: 7500 Addresses Joining Every Day] https://www.mitrade.com/insights/news/live-news/article-3-989115-20250726 [10] [The Top 10 Crypto Gainers for Week 30] https://www.techloy.com/the-top-10-crypto-gainers-for-week-30-2025/