XRP News Today: Bitcoin, Ethereum, XRP, Dogecoin Slide as U.S. Dollar Gains on Trump-EU Trade Deal

Cryptocurrency markets retreated on July 28, 2025, as the U.S. dollar gained strength following a trade agreement between the Trump administration and the European Union. Bitcoin (BTC/USD) fell to $118,108.50, Ethereum (ETH/USD) dropped to $3,797.82, XRP (XRP/USD) traded at $3.15, and Dogecoin (DOGE/USD) settled at $0.2302, all declining amid renewed risk-off sentiment. The U.S.-EU deal, aimed at reducing tariffs and resolving trade disputes, bolstered dollar demand, triggering a sell-off in crypto assets that typically underperform during periods of strong fiat currency dominance [1].

The dollar’s resurgence pressured major cryptocurrencies, which had previously benefited from institutional interest. For example, Bitcoin’s large transaction and daily active addresses declined by 0.6% and 4.1%, respectively, while exchange netflows surged 224.4%, signaling increased outflows [1]. Coinglass data revealed $383.28 million in trader liquidations over 24 hours, reflecting heightened market stress [1]. Analysts noted that the trade deal’s impact overshadowed recent inflows into Bitcoin and Ethereum, with some observers cautioning that dollar-driven selling pressure could persist [2].

XRP faced particular volatility, as Ripple co-founders moved large token volumes to exchanges, spurring speculation about potential dumping. A $175 million transfer from a co-founder’s wallet on July 25 had already triggered a 14% drop in XRP’s price [9]. Meanwhile, Dogecoin erased earlier weekly gains, raising questions about the sustainability of its recent rally [4]. Ethereum, however, showed relative resilience, with analysts suggesting its bullish momentum could continue if it breaks out of consolidation patterns [6].

Market observers highlighted conflicting signals. While the trade deal initially boosted risk-on sentiment earlier in July, the subsequent dollar rebound shifted investor priorities. For instance, a mid-month report had noted gains in Bitcoin and Ethereum following the pact, but by late July, the narrative had reversed [8]. Some analysts, like Crypto Seth, emphasized that Bitcoin remains in a bull market, having retested key support levels multiple times this cycle [1]. Others, including Titan of Crypto, pointed to compressed volatility via Bollinger Bands, signaling potential for a major price move [1].

The broader context included mixed institutional activity. While institutional buyers had shown interest in Bitcoin and Ethereum, the dollar’s dominance limited their impact [2]. CryptoCon’s projection of a Bitcoin Golden Ratio Multiplier peak at $181,000 underscored bullish sentiment, though this remained speculative [1]. Meanwhile, Trader Mayne noted Bitcoin’s strong long positions and potential support from recent Fair Value Gap entries, suggesting the pullback could be a strategic entry point [1].

Despite the downturn, analysts remained divided. Some predicted XRP could rebound to $4 and Ethereum to $4,000 if ETF-related optimism gains traction, while others warned of prolonged weakness until dollar dominance wanes [10]. The market’s focus now turns to whether the U.S.-EU deal will stabilize the dollar or if crypto’s inherent volatility will drive further fluctuations [1].

Source:

[1] [Bitcoin, Ethereum, XRP, Dogecoin Slide After Trump Trade Deal Strengthens Dollar] https://finance.yahoo.com/news/bitcoin-ethereum-xrp-dogecoin-slide-193039451.html

[2] [XRP Stuck Around $3.10: Is The Rally Already Over?] https://www.benzinga.com

[3] [Ripple co-founder moves $140 million in XRP] https://www.theblock.com

[4] [XRP and Dogecoin Erase Explosive Weekly Gains—Should Traders Worry?] https://decrypt.com

[5] [Bitcoin Slips Below $117,000 On Whale Selling] https://benzinga.com

[6] [Ethereum Is About To Breakout Of Massive Consolidation] https://mitrade.com

[7] [XRP Prints Higher Lows, Tests $3.23 Resistance] https://coindesk.com

[8] [Bitcoin, Ethereum, Dogecoin Climb On Trump-EU Trade Pact] https://www.inkl.com

[9] [XRP Drops 14% After $175M Moved to Exchange] https://coindesk.com

[10] [Analysts See XRP Hitting $4, Solana $250 As ETF Buzz Builds] https://coindesk.com