The XRP price has been displaying magnificent strength as the levels have been held above the crucial support range around $1.8 since December 2024. This suggests the bulls are extremely vigilant, and hence the upcoming events may have a bullish impact on the token. The XRP price is hovering around the crucial $2 mark and is trading within a range-bound consolidation. However, the XRP price has been trading under bearish influence, mainly due to the lack of bullish strength.
Here’s the Catalyst for the XRP Price Rally!
The Ripple community is eagerly waiting for an XRP ETF launch and its potential impact on its price. The experts believe that the SEC’s approval of a potential XRP ETF could be a great catalyst for the upcoming bull run. On the other hand, the rate cuts are expected to have a massive impact on the XRP price rally. Recently, the ECB slashed rates by 2.25% and markets reacted positively. Now that the XRP’s liquidity is on the rise, yet another rate cut may positively impact the XRP price rally.
After the ECB’s rate cuts, the US SEC is also considering a rate cut, which may boost the upcoming XRP price rally. The recent trade war has already shaken up the entire market, which has regained strength. And hence, with a fresh rate cut, the XRP bulls are expected to get a fresh boost. Therefore, the investors remain hopeful of the upcoming XRP price rally with a potential ETF and a rate cut.
How High Can the XRP Price Can Go in 2025?
XRP price experienced one of the strongest and sharpest price surges during the last crypto rally. The price and the social engagements both went hand-in-hand perfectly throughout the entire XRP price surge and pullback. With this, the token has been one of the strongest altcoins in the market, as the bulls have been holding the rally above the crucial support zone.
The daily chart of XRP suggests the price has reached the end of the consolidation, which is expected to trigger a strong breakout. The Ichimoku cloud has undergone a bullish crossover, and with a drop in the bearish pressure, the price is expected to set off a strong upswing. On the other hand, the CMF has initiated a bullish divergence and surged finely above 0, hinting towards the market turning bullish as bulls are gaining strength.
Therefore, the XRP price is believed to rise, but a strong upswing may trigger only when the price reclaims $2.2 before the end of the month.
Ethereum may face downward pressure in August, as the institutional and whale support that fueled its rally to a July peak of $3,800 appears to be retreating.
With bearish sentiment silently mounting across the broader crypto market, the leading altcoin now faces a tougher climb back toward the $4,000 mark.
ETH Futures Sink to $6.2 Billion: Institutional Confidence Losing Steam?
On-chain and derivatives data show a recent trend of decline in activity among the market’s biggest players. For example, open interest in ETH futures contracts on the Chicago Mercantile Exchange (CME) has fallen sharply, closing yesterday at a five-day low of $6.2 billion.
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This drop is notable, as CME’s ETH futures market is primarily used by institutional players seeking regulated exposure to the asset. Therefore, lower open interest signals these investors may be scaling back their ETH positions.
Without continued institutional engagement, the upward pressure on ETH’s price may weaken, increasing the likelihood of short-term corrections.
In addition, whale activity is also tapering off. A review of the coin’s on-chain activity reveals a 339% dip in its large holders’ netflow over the past seven days.
Large holders are whale addresses that hold more than 1% of an asset’s circulating supply. Their netflow tracks the difference between the coins they buy and the amount they sell over a specific period.
When an asset’s large holders’ netflow increases, more tokens or coins flow into major investors’ wallets than are flowing out. This trend indicates that these holders are accumulating the asset, signaling confidence in its future value.
Conversely, when it plunges, it marks a cooling in high-conviction accumulation, weakening short-term price support.
Ethereum Tanks 10% as Selling Pressure Surges—Is $3,314 Next?
At press time, ETH trades at $3,620, down nearly 10% over the past day. During that period, its trading volume rocketed by 17%, creating a negative divergence. This divergence emerges when rising trading activity coincides with falling prices, signaling intensified selling pressure.
If this continues, ETH’s price could fall to $3,524. A breach below this key support floor could lead to a deeper decline to $3,314.
The deal will be closed with $700 million in cash and 11 million in shares of Coinbase Class A common stock.
The acquisition is subject to regulatory approval and is expected to close by the end of this year.
Coinbase Global, Inc. (NASDAQ: COIN), a veteran cryptocurrency exchange based in the United States, announced that it has agreed to acquire Deribit, a top-tier derivatives exchange. According to the announcement, Coinbase is acquiring Deribit for $2.9 billion, which will include $700 million in cash and 11 million in shares.
Meanwhile, Coinbase announced that the deal is subject to regulatory approval and other customary closing conditions. As a result, Coinbase expects the deal to be closed by the end of this year.
“As the leading crypto options platform, we’ve built a strong, profitable business, and this acquisition will accelerate the foundation we laid while providing traders with even more opportunities across spot, futures, perpetuals, and options – all under one trusted brand. Together with Coinbase, we’re set to shape the future of the global crypto derivatives market,” Luuk Strijers, CEO at Deribit, noted.
Coinbase Forges a Brighter Future for the Crypto Industry
Once finalized, Coinbase will become a major player in crypto derivatives in regards to open interest (OI) and options volume. Furthermore, Deribit currently has more than $30 billion in OI and recorded over $1 trillion in trading volume in 2024.
With Coinbase available in more than 100 jurisdictions globally, more crypto traders can now seamlessly access the derivatives market in a regulated manner. Most importantly, more institutional investors from around the world can access the Bitcoin and altcoins OI market through their respective Coinbase accounts.
Consequently, Coinbase will significantly diversify its revenue streams amid heightened competition from other crypto exchanges including Binance and Bybit. Following the announcement, Coinbase shares COIN surged 6 percent on the day to trade about $208 on Thursday, May 8 during the mid North American trading session.
The post Coinbase To Acquire Deribit Exchange for $2.9B: Here is What it Means for Crypto Market appeared first on Coinpedia Fintech News
The deal will be closed with $700 million in cash and 11 million in shares of Coinbase Class A common stock. The acquisition is subject to regulatory approval and is expected to close by the end of this year. Coinbase Global, Inc. (NASDAQ: COIN), a veteran cryptocurrency exchange based in the United States, announced that …
Several US economic signals are in the pipeline this week, although not as hot as the ones witnessed in the past week.
By frontrunning the following events, traders and investors can buffer their portfolios against sudden impact.
Initial Jobless Claims
This US economic signal, due every Thursday, will indicate the number of United States citizens who filed for unemployment insurance for the first time last week.
Economists surveyed by MarketWatch expect a modest increase to 221,000 after the 218,000 reported in the week ending July 26.
“Initial claims for jobless benefits fell last week [the one ended July 26] and are running below their year-earlier level. Continuing claims continue to point to a slightly less tight labor market compared to a year ago,” economist correspondent Nick Timiraos indicated.
The jobless claims data will follow the nonfarm payroll (NFP) data, released on August 1. The NFP data exacerbated Bitcoin’s recent drop, coming in well below expectations.
With data signaling a deteriorating labor market, potential dollar instability could push retail and institutional investors toward crypto in the long run.
4-week average of initial jobless claims has hooked dramatically lower lately … still nowhere near levels consistent with recession pic.twitter.com/UUfuEeCZpm
If last week’s jobless claims continue the trend of coming in higher than the previous week or, worse, exceeding expectations, the perceived labor market weakness could bode well for Bitcoin as investors pivot against economic uncertainty.
For perspective, a surprise increase in jobless claims would signal economic weakness, potentially supporting looser Fed policy. Such an outcome would be bullish for risk assets like crypto.
ISM Services PMI
Beyond labor market data, crypto markets will also be watching the ISM Services PMI (Purchasing Managers’ Index).
This economic indicator, derived from monthly surveys of private sector companies, measures business activity in areas such as new orders, inventory levels, production, supplier deliveries, and employment.
After a reading of 50.8% in June, economists project a modest increase to 51.1% in July. If the ISM Services PMI rises above the expected 51.1%, it signals stronger economic activity and could dampen hopes for Fed rate cuts. Such an outcome is potentially bearish for Bitcoin as tighter liquidity persists.
However, a lower-than-expected reading, especially below 50, would suggest economic weakness and raise expectations of monetary easing, likely boosting crypto prices.
If the data meets forecasts, markets may tread water, with traders awaiting more decisive indicators like jobless claims.
In Tuesday’s run-up to this particular US economic signal, Bitcoin’s next move hinges on whether the services sector shows signs of overheating or slowdown, key elements to the Fed’s inflation and policy stance.
Further, the US productivity and unit labor costs will be critical watches this week, due Thursday, August 7. Together, they reveal whether wage growth is inflationary.
These data points indicate wage growth in the second quarter (Q2). In Q1, US productivity dropped by 1.5%, but now economists project a 1.9% increase.
Meanwhile, US unit labor costs were 6.6% higher in the first quarter, but economists project a modest surge of 1.3% in Q2.
Rising labor costs without increasing productivity would indicate sticky inflation, which is expected to bode positively for Bitcoin.
More closely, the mismatch could shift Fed expectations, with crypto known to respond well to signs of disinflation or economic slowdown.
However, if labor costs rise at the same pace as productivity, companies can afford to pay more without raising prices. Such a scenario would support real wage growth without triggering inflation. This is still generally bullish for Bitcoin as it promotes economic growth without tightening liquidity.
With the One Big Beautiful Bill passed and 100% expensing locked in, America is experiencing a CapEx Comeback.
AI is accelerating. Productivity is rising.
If the Fed had any imagination, they’d embrace the Greenspan model—because the Golden Age of America is upon us. pic.twitter.com/es5HB3zDi6
— Treasury Secretary Scott Bessent (@SecScottBessent) July 31, 2025
When labor costs fall while productivity rises, it is a highly disinflationary and business-friendly scenario. This is bullish for the crypto as falling inflation pressures raise the odds of rate cuts or liquidity support, favoring risk assets.
Based on the CME FedWatch Tool, interest rate bettors see an 80.7% chance the Fed will cut interest rates in the September 17 meeting.
Atlanta Fed President Raphael Bostic Speech
Beyond data points among US economic signals, traders and investors also monitor comments from policymakers. This week, the Atlanta Fed President Raphael Bostic will speak on Thursday, and markets will be keen for signals on policymakers’ economic outlook.
Atlanta Fed President Raphael Bostic is known to lean hawkish on monetary policy, favoring a cautious approach to interest rate cuts.
“If you’re hoping for rate cuts, don’t hold your breath. Atlanta Fed President Raphael Bostic recently stated he only supports one rate cut this year, highlighting the Fed’s uncertainty due to tariffs,” one user said recently.
As one of the Fed’s policymakers, Bostic’s tone on inflation, rates, or balance sheet policy can sharply shift market expectations.
If his remarks are hawkish, it would be bearish for Bitcoin. However, a dovish stance would be bullish, especially if it contrasts with Powell’s tone.
