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Four XRP charts worth watching

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Plus: Are NFTs about to wake up?

Welcome

GM. Orange you glad we squeezed all the headlines into one tall glass? Cheers.

🍍 Is XRP ready to go way higher?

🤔 Are NFTs back?

🍋 News drops: Trezor deals, the GENIUS Act + more

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🍍 Market flavor today

Fear and Greed Index
Find out more about the Fear & Greed Index here.

 Crypto Market Cap: $3.96T 1.02% (24H)
  Name   Price 24H 7D
Bitcoin Bitcoin BTC $118,339.22 0.27% -2.27%
Ethereum Ethereum ETH $3,824.53 2.41% 25.96%
XRP XRP XRP $3.62 2.73% 20.82%
BNB BNB BNB $774.69 4.25% 10.82%
Solana Solana SOL $193.57 7.27% 16.26%
Prices as of 10:00 AM EST. Click here to see live data.

We’re still back, y'all - crypto held its ground over the weekend 🥳

Altcoins in particular are having quite the time of their lives (mainly 'cause Ethereum's strong rally is pulling them up).

And today, we're taking a closer look at one standout: XRP, which recently hit a new all-time high.

XRP price chart 07-21

Source: BitDegree

Naturally, the big question is: can it go even higher?

Analyst Dom says, yes, XRP’s USD price reached new heights - but other important charts haven’t all lined up to confirm a bull run.

Think of these charts like a checklist: the more boxes you tick off on it, the better your chances for a smooth way up.

So, let’s go through it 👇

The Office: Ryan writing

1/ XRP dominance

Why care? Because it shows how much of the entire crypto market belongs to XRP.

If its price goes up in dollars but it’s still not gaining a bigger share of the market, it could just mean other coins are doing even better.

Basically, a rising dominance tells you XRP is leading, not just keeping up.

And right now, XRP’s dominance is around a level we haven’t seen in 6 years - 5.37%.

Breaking above it would be a good sign - the last time it did back in late 2017, XRP's price exploded soon after.

Will history repeat? No guarantees - but this is one to watch.

Crypto market cap by cryptocurrencies 07-21

Source: BitDegree

2/ XRP vs. BTC (XRP/BTC)

Why care? Because Bitcoin is top dog. If XRP can actually outperform Bitcoin instead of just tagging along, that’s a big flex.

There’s this stubborn resistance level - 0.0000317 BTC - which XRP has tested (and failed) more than 8 times over the past 7 years.

But… on the rare times XRP did break through that level, the price increased fast.

Right now, it’s testing that same level again.

If it finally breaks, traders think another big jump could follow.

XRP to BTC price 07-21

Source: BitDegree

3/ XRP vs. Ethereum (XRP/ETH)

Why care? Ethereum is the biggest altcoin. If XRP can outperform it, it shows XRP is one of the strongest altcoins.

On this chart, there’s a tough ceiling at 0.0012 ETH. XRP tried to break through it earlier this year but couldn’t - mostly because ETH has also been really strong.

The analyst doesn't expect XRP to break past it yet. But when it finally does, history says we could see some fireworks.

XRP to ETH price 07-21

Source: BitDegree

4/ XRP vs. Gold (XRP/XAU)

Why care? Because measuring XRP in dollars doesn’t tell the full story - the dollar itself has been losing value (because inflation).

That means hitting an all-time high in USD doesn’t necessarily mean XRP is more valuable - it might just mean the dollar got weaker.

Gold, on the other hand, is much more stable over time. So comparing XRP to gold gives you a better idea of its real value.

And even though XRP set a new high in USD, it’s still below its old highs when measured in gold.

If it can break above that level, it would be a much stronger sign that XRP is creating actual, lasting value - which is why Dom sees it as a crucial step before XRP can make a meaningful run past $5.

Chicken running

In short:

XRP’s USD chart looks strong, but the real party doesn’t start until it breaks through these other long-term resistances.

Until then, the full bull trend isn’t confirmed - but we’re getting closer.

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🥝 Memecoin harvest

Charts? Broken. Logic? Missing. Gains? Illegal.

Data as of 08:25 AM EST.

Check out these memecoins and plenty more here.

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🖼️ Are NFTs back?

In 2021, NFTs were the thing.

Every random JPEG of a rock was ✨ art ✨ and worth more than your car.

Twitter was full of ✨ collectors ✨ with $300K profile pics calling everyone idiots for not buying one.

Now, though, those million-dollar JPEGs are worth about as much as a toaster, and, needless to say, those collectors aren't bringing up NFTs at Thanksgiving anymore.

Seeing a bid on an NFT

Source: @alancarroII

But something changed today:

👉 The NFT market cap increased by ~30% in a day and passed $6.5B;

👉 Trading volume went up a crazy 440%.

Umm... so... is the NFT market BACK?

Lookonchain tweet 07-21

Source: @lookonchain

... Not so fast.

Sure, this is a promising sign of renewed activity - but NFTs are still way below their all-time highs.

A real comeback would take steady volume, more diverse projects with actual utility, and a return to cultural relevance.

And we’re not there yet.

Still, like Andrew Forte from Unfungible(.)xyz said: even if it’s not really back, it’s fun to imagine another NFT cycle.

If we do get one, he predicts:

  • 2 collections will moon;

  • Most others will flatline like stablecoins;

  • A few NFT tokens will pump;

  • And yes, everyone will still be rocking their cartoon profile pics.

So yeah… maybe not back yet. But at least it’s getting interesting again.

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🍋 News drops

💸 Want to save a few bucks on your next Trezor? Take a look at these promo codes.

🏦 Circle’s Dante Disparte says the GENIUS Act has a rule to keep big tech and banks from taking over the stablecoin market. He said this after Donald Trump officially signed the bill into law.

🚓 Peter McCormack, who hosts the What Bitcoin Did podcast, is paying for private security in his hometown. He says the cops aren’t doing enough about all the crime lately.

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🍌 Juicy memes

I stopped talking about Bitcoin to friends and family

Source: @CryptoTea_

Bank account vs. Crypto wallet

Source: @AltcoinGordon

Born just in time for Bitcoin

Source: @naiivememe

Gode S. Web3 Market Analyst
Gode is a Web3 Market Analyst who researches the most important industry events and interprets how they affect the wider Web3 space. Her formal education in media culture & digital rhetoric allows her to employ a methodical approach to evaluating critical Web3 news data, including large-scale events and the wider social sentiment within the ecosystem.
Gode is a mutilingual professional, having studied in multiple universities all across Europe. This allows her to have a one-of-a-kind opportunity to analyze Web3 social sentiments spanning different cultures and languages and, in turn, develop a much deeper understanding of how the Web3 space is growing within different communities. With the rest of her team, Gode works to identify crucial crypto news patterns and provide unbiased and data-driven information.
Gode’s passions include working and communicating with people, and when she’s not researching Web3 news, she spends her time traveling and watching true crime documentaries.

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