XRP News Today: Crypto Market Steady at $3.29 Trillion XRP Leads with 5% Gain

The broader crypto market is holding steady as June comes to a close, with the total market capitalization rising modestly to $3.29 trillion. The Fear & Greed Index stands at a neutral 49, indicating market indecision. Among the blue-chip coins, Bitcoin is up 0.28% at $107,327, Ethereum is down slightly, and XRP is leading the day with a 5% daily gain.

Bitcoin is currently consolidating just beneath the upper Bollinger Band at $110,539.68. The Relative Strength Index (RSI) stands at 56.30, suggesting mild bullish momentum but still within a neutral zone. The price is holding above the 20-day Simple Moving Average (SMA) at $106,002, which is acting as immediate support. The sideways movement and low volatility on the chart hint at a potential breakout, but the direction remains uncertain. A decisive close above $108,000 could trigger a rally toward $110,500, while a rejection here might drag BTC back to $106,000 or even the lower band near $101,500.

Ethereum, the largest altcoin, is trading below the 20-day SMA at $2,508, showing signs of weakening momentum. The RSI has just bounced from oversold levels, now reading 47.10, suggesting early signs of a reversal attempt. However, ETH remains trapped within a narrow channel on the daily timeframe. If bulls manage to push the price above $2,500 next week, ETH could revisit $2,650. On the flip side, failure to hold $2,390 could open the door to further downside toward $2,250 or even $2,200, where the lower Bollinger Band rests.

XRP has broken above its mid-Bollinger band and is attempting a push toward the upper band at $2.31. The RSI has jumped to 51.05, showing strengthening bullish momentum. This move comes on the back of a sharp rebound from the $2.07 low, a level that has acted as strong support this month. A continued rally above $2.22 could push XRP to test $2.31 and even $2.40 in the coming days. However, if buyers lose steam, support lies at $2.17, followed by the lower Bollinger Band around $2.02.

In summary, Bitcoin shows signs of consolidation with a potential breakout, Ethereum is underperforming slightly, and XRP is leading with a strong bullish momentum. The overall market sentiment remains neutral, with the Fear & Greed Index at 49, indicating market indecision. The next week could see Bitcoin testing $110,500, Ethereum potentially revisiting $2,650, and XRP pushing toward $2.40, depending on market conditions and investor sentiment.