📉 Bitcoin Slips Below $118K, ETH & XRP Pare Gains — Rally Holds Firm, Says Coinbase


Date: July 18, 2025


A minor cooldown has hit key cryptocurrencies as traders lock in profits following a recent surge. Here's the lowdown, straight from Coinbase insights and the market floor:



🔹 Bitcoin (BTC)


Current Level: Around $117.5K–$118K — down from intraday highs above $120K Mitrade.

Outlook: Coinbase analysts view this drop as a healthy pullback, not a reversal, with no signs yet of broad speculative excess.

🔸Ethereum (ETH)


Performance: Briefly rose to near $3.7K, now trading around $3.55K–$3.52K Coinbase+7Stocktwits+7Cryptopolitan+7.

Perspective: The drop is modest, and the overall trend remains constructive on technical fronts Barron's+15Mitrade+15AInvest+15.

Ethereum

🌐 XRP (Ripple)


Ride: Multiple record highs this week—peaked at $3.65–$3.64, currently consolidating near $3.4–$3.5 .

Market Dynamics:

Dominated Coinbase with $1.38B in 24-hour volume Cryptopolitan.

Technical indicators (like 90‑day MVRV at ~48% and RSI above 89) suggest overbought conditions, hinting at a possible 17% pullback to ~$2.95–$3.00 BeInCrypto.

Still, on‑chain exchange inflows are low, suggesting investors are holding, not selling BeInCrypto.

  • 🏛️ What’s Fueling the Rally?


U.S. Crypto-Friendly Legislation

The GENIUS Act and Clarity Act have sparked a U.S. “Crypto Week,” fueling institutional optimism DL News+12Barron's+12Reuters+12.

Institutional Interest & 401(k) Signals

Rumors suggest President Trump may soon allow crypto in 401(k) plans Barron's.

Coinbase Volume Spikes

XRP became the top-traded asset on Coinbase, marking a paradigm shift in retail engagement AInvest+7Cryptopolitan+7AInvest+7Coinbase.

🎯 Market Summary
Rally remains intact — This pullback is seen as profit-taking, not a trend reversal.


BTC is stabilizing just under recent highs.

ETH is holding key levels post-push.

XRP may cool off temporarily, but underlying accumulation suggests room for another surge.

Still, traders are eyeing signals: cooling oscillators, diminishing flows, and upcoming macro/regulatory headlines that could impact sentiment.


🛠️ What's Next?

Watch for XRP's pullback toward $2.95–$3.00—a possible entry opportunity if the broader rally holds.

BTC breaking back above $120K could reignite confidence.

ETH approaching $3.7K would confirm upside resumption.

#Bitcoin #Ethereum #XRP #CryptoNews #Altcoins

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