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Bit361

07/05 19:19

Is XRP’s $1 price zone a bear trap?

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Is XRP’s $1 price zone a bear trap? Here’s what the data suggests Talk of a new altcoin cycle is starting to pick up again. Based on how this week has played out, that narrative is beginning to gain traction. On the weekly timeframe, while Bitcoin [BTC] is up more than 5%, Ethereum [ETH] has attracted 2x the capital inflows, pushing the ETH/BTC ratio up nearly 7%. More importantly, this marks the ratio’s strongest weekly gain since August 2025, reinforcing the idea that “altcoin-led” momentum is starting to build across the market. Ripple hasn’t been left behind. As the chart below shows, the token is up nearly 9% this week, with its highest wick reaching $1.18, a level it hadn’t reclaimed since losing it in mid-June. That move points to strong buying interest as capital continues rotating into higher-beta altcoins.
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