Bitcoin News Today: XRP Nears 3,000-Day Resistance on Bitcoin Pair as Altcoin Volume Surpasses BTC

XRP approaches a critical technical level on its Bitcoin pair, with bulls anticipating a potential breakout above a 3,000-day resistance trendline. The XRP/BTC chart reveals a descending resistance line stretching back over 3,000 days, a level that has historically rejected all breakout attempts since 2017. Currently priced at 0.00002649 BTC, XRP is testing this level again, with technical analysis suggesting weakening sell-side pressure and growing probability of a structural shift [1]. Analysts highlight that repeated tests of the resistance—without a major pullback—indicate declining strength from short-term sellers, a precursor to potential trend reversals [1]. A decisive move above the trendline, especially on strong volume, could realign XRP’s BTC trend and signal renewed strength relative to Bitcoin, potentially triggering broader altcoin inflows [1].

The 3,000-day trendline has historically acted as a firm rejection zone, with each attempt to breach it met by sharp reversals. This pattern has kept XRP in long-term underperformance against Bitcoin. However, the current setup, described by analyst @GalaxyBTC as “chilling” under resistance, suggests accumulation is underway. Technical objectives for a successful breakout extend to the 0.00004000 BTC level, with key support zones maintained between 0.00000700 and 0.00001200 BTC [1].

While the BTC pair shows bullish momentum, XRP’s USD price remains weak, trading at $3.17 with a 2.89% 24-hour drop and 8.70% weekly loss. This divergence underscores a broader reallocation of capital within the crypto market. Data from Binance indicates XRP and Ethereum (ETH) have surpassed Bitcoin in 24-hour trading volume on the platform, signaling a decline in BTC’s dominance and hinting at the onset of an “altcoin season” [2]. Bitcoin’s recent failed attempt to sustain a breakout above $119,239 has led to a pullback, raising questions about its ability to reclaim key resistance levels [1].

The pressure on Bitcoin’s long-term trendline creates a vacuum in market leadership, with XRP positioned to capitalize on the uncertainty. Analysts note that increased liquidity and adoption in cross-border payment solutions have bolstered XRP’s appeal during Bitcoin’s consolidation phase. The shift in trading volume from BTC to altcoins reflects a broader reallocation of capital, driven by both technical and fundamental factors [2]. A confirmed breakout for XRP could position it as a key rotation asset in a market seeking alternatives to Bitcoin, potentially accelerating institutional adoption and macro-level trend changes [1].

Critically, the interplay between Bitcoin’s struggles and XRP’s ascent highlights evolving crypto market dynamics. When Bitcoin dominance wanes, altcoins often experience amplified price action, as seen in past bull cycles. However, traders are advised to remain cautious, as a sustained break of Bitcoin’s trendline could trigger a broader market correction, impacting altcoins like XRP [1].

A structural shift for XRP would signal renewed market sentiment, particularly if institutional adoption continues to grow. Meanwhile, Bitcoin’s inability to hold key resistance levels may prompt a reevaluation of its role as the crypto benchmark. As the market navigates this inflection point, monitoring on-chain activity and macroeconomic factors will be essential to gauge the trajectory of both assets.

[1] Market Analysis Jul 28th, 2025: BTC Set to Hit $120K by End of July 2025 (https://pintu.co.id/en/academy/post/market-analysis-jul-28th-2025-btc-set-to-hit-120k-by-end-of-july-2025)

[2] Crypto Trader Sadaf's Profile (https://www.binance.com/en-NG/square/profile/farisiqbal)