The price of XRP has dropped by over 3% and is currently trading around $3.01. This brings the token dangerously close to falling below the crucial $3 support level, a price point that has held strong for quite some time. If it breaks below, it could signal more downside in the short term.
Weekly Chart Shows Weakness Ahead
Looking at XRP’s weekly price chart, analysts say there’s no confirmed end to the broader bull market yet. However, in the short term, the token is clearly showing signs of weakness, something that is also being seen across the wider crypto market.
A particularly concerning development is the bearish divergence forming on the XRP weekly chart. While the price has made higher highs in recent weeks, the Relative Strength Index (RSI), a key technical indicator, is making lower highs. This mismatch often points to an upcoming correction.
The current weekly candle is set to close in about 3.5 days. If it closes in the red, it will confirm the second lower high on the RSI, strengthening the bearish signal. If that happens, XRP could be in for a deeper pullback over the coming weeks or even months.
Bitcoin Dominance is Important
The only factor that could reverse this bearish trend is a sudden drop in Bitcoin dominance (the share of BTC in the total crypto market cap). A drop in BTC dominance would mean a shift in market focus toward altcoins like XRP, possibly starting another altcoin season.
However, as long as Bitcoin dominance remains strong and holds above its current support, altcoins could continue to face pressure.
Short-Term: Sideways Movement Continues
In the short term, XRP is moving sideways in a tight trading range. The support level lies between $2.90 and $3.00, while the resistance is between $3.30 and $3.40. For now, the price is bouncing between these two zones, holding support and rejecting resistance.
This sideways movement is expected to continue for the next few days or even the next couple of weeks.
Investment advisor Two Prime is ditching Ethereum over its memecoin-like behaviour and underwhelming price performance. The SEC-approved firm says it will double down on Bitcoin (BTC) while conducting a post-mortem on Ethereum.
Two Prime Drops Ethereum Over Memecoin Behaviour
SEC-approved investment advisor Two Prime has called it quits with Ethereum following a raft of negative fundamentals and on-chain metrics. According to a company statement, the derivatives firm will focus its attention on Bitcoin, cutting ties with Ethereum after six years.
The firm operated Two Prime Lending, rising to become the second-largest lender for ETH and BTC-backed loans. Rather than dabble in other cryptocurrency-backed loans, Two Prime stuck with BTC and ETH, given their deep liquidity for institutional action.
After enjoying modest success with Ethereum for six years, Two Prime says it is moving away to focus on BTC lending. The press release reeled out a laundry list of reasons behind the company’s decision to ditch Ethereum for Bitcoin.
“ETH’s statistical trading behaviour, value proposition, and community culture have failed beyond a point that is worth engaing,” read the statement. “The risk-reward is simply unjustifiable at this point with BTC available as an alternative.”
Right out of the bat, Two Prime says ETH behaves like a memecoin rather than a predictable asset. The report notes that ETH displayed “multi-standard deviation moves” following a de-correlation from Bitcoin in Q1 2025. The Ethereum-to-Bitcoin ratio has sunk to its five-year low given ETH’s underwhelming price performance in 2025.
A Raft Of Reasons Behind The Company’s Decision To Ditch ETH
Apart from its memecoin behaviour, Two Prime notes that the Ethereum price has not flashed any signals of a rebound after the slump. The firm notes that investors are not buying the dip, demonstrating a lack of apathy for the largest altcoin.
Two Prime notes that Bitcoin ETF inflows have surpassed ETH by nearly 24 times, signaling a decline in institutional interest. Furthermore, the firm points to a shoddy business model that allows Ethereum layer 2s to snag a chunk of its monetization.
Rising competition from Solana and other emerging blockchains is taking a large chunk of Ethereum’s market share. Two Prime argues that Ethereum suffers from strong leadership and is a victim of its early success, but has failed to change with the times. An expert has warned that Ethereum is in danger if it does not scale by 100X in the next five years.
“The existing scale of the asset and the remaining upside of global adoption make BTC a far better risk-weighte investmen than ETH,” read the statement.
Two Prime’s decision to offload its ETH holding has seen prices tumble by nearly 2% since the announcement. Previously, Galaxy Digital has offloaded a portion of its ETH holdings to accumulate SOL, adversely affecting price performance.
The cryptocurrency market is trading sideways today, with Bitcoin holding around $ 109,000 and Ethereum near $ 2,600. While majors consolidate, select altcoins are flashing breakout potential—driven by strong on-chain activity, rising TVL, or fresh catalysts like listings, unlocks, or ecosystem upgrades.
From Layer-2 leaders to trending meme coins and oracle networks, momentum is quietly building under the surface. In this article, we highlight four altcoins showing strong upside setups—not just technically, but fundamentally—making them top crypto to watch and potentially buy today.
Chainlink (LINK)
Chainlink exchange outflow volume surged by 281.9% over the past 30 days, marking one of the sharpest withdrawal spikes in recent quarters. This signals strong accumulation by large holders and a tightening of available supply — a key bullish driver ahead of LINK’s potential breakout above
Technically, LINKUSD is pressing against the upper Bollinger Band in a classic volatility squeeze. The MACD remains in bullish territory, and RSI has climbed to ~57, still leaving room for a sustained push higher.
The token has already flipped its 20-day and 50-day EMAs, and is now testing the 100-day EMA near $14.35. A breakout above $14.40 would open the door to a run toward the $15.10–$15.50 zone — an area aligned with its 200-day EMA and former supply levels.
Decentralised oracle provider Chainlink (LINK) is positioning itself for a potential breakout as both price action and on-chain behaviour align for a bullish move.
Over the past week, large holder outflows surged by 107.82%, according to IntoTheBlock data. This spike suggests whales are pulling LINK off exchanges, reducing liquid supply — a pattern often seen before major upside moves. These outflows align with a broader accumulation trend, as whales quietly reposition while retail remains relatively inactive.
Arbitrum (ARB)
Arbitrum ( ARB) has been picking up traction after Robinhood Europe integrated tokenized stocks and ETFs on its L2.
Daily active users on ARB are up ~25%, pointing to rising adoption beyond the usual DeFi crowdOn-chain usage is also ramping up, with daily active addresses on Arbitrum hitting 523K on June 30—its highest in over a year, per Artemis.
This reinforces that real user demand is building, not just speculative noise.
Meanwhile, Arbitrum’s TVL has bounced back above $2.75B, meaning more value is being locked in DeFi protocols on the chain—an indicator of renewed user and developer activity. Additionally, over $13.8B in assets have been bridged from Ethereum and other chains, showing that users are actively choosing Arbitrum to interact with decentralized apps.
On top of that, the Arbitrum DAO treasury holds over 22,000 ETH, giving the ecosystem financial stability and room to fund future development and incentive programs—something investors often view as a long-term strength.
From a price-action view, ARB is coiling just under resistance at $0.385–$0.390. A breakout above that zone could open the door to $0.44–$0.47, but failure to break may trigger a retest of the $0.31 or even $0.29 demand levels—especially with a major token unlock of ~92.65 million ARB (~1.87% of circulating supply) scheduled for July 16, which could temporarily add sell-side pressure.
Pepecoin ( PEPE)
The meme coin that sparked the 2023 altcoin cycle is showing signs of life again, with recent on-chain data pointing to renewed whale accumulation and decreasing exchange supply, often a precursor to a price breakout.
Social chatter and DEX flow activity are both trending higher, suggesting speculators are gearing up for volatility. Meanwhile, technicals show PEPE coiling in a clean ascending triangle since late June, with higher lows building under resistance at $0.0000105–0.0000108.
On the indicators front:
RSI is reclaiming the neutral 50 mark, hinting at rising bullish strength.
MACD flipped green and crossed bullish on July 6, gaining upward momentum.
If PEPE breaks above that $0.0000108 zone with volume, it opens the door toward $0.000013–0.0000145—a potential move of 25–40%.
But if bulls lose steam, support sits around $0.0000090, with invalidation near $0.0000083 where trendline support breaks.
While the broader market remains range-bound, these altcoins are showing early signs of movement—either through strong fundamentals, on-chain accumulation, or breakout-ready charts. Whether it’s Chainlink’s supply squeeze, Arbitrum’s rising L2 utility, or PEPE’s meme-fueled momentum, each pick offers a different angle in today’s shifting market. As always, timing matters—so watch those key levels closely.
The post Top 3 Cryptocurrency Altcoins To Buy Today – July 9, 2025 appeared first on Coinpedia Fintech News
The cryptocurrency market is trading sideways today, with Bitcoin holding around $ 109,000 and Ethereum near $ 2,600. While majors consolidate, select altcoins are flashing breakout potential—driven by strong on-chain activity, rising TVL, or fresh catalysts like listings, unlocks, or ecosystem upgrades. From Layer-2 leaders to trending meme coins and oracle networks, momentum is quietly …
