Crypto just hit warp speed in Washington as three landmark bills cleared the House, laying powerful groundwork for U.S. dominance in digital assets, stablecoins and blockchain innovation. 3 Crypto Bills Clear House—Wall Street and Washington Are Now Aligned The House of Representatives voted July 17 to pass three major cryptocurrency bills, signaling a decisive move […]

Crypto Scores Huge Win: House Passes 3 Landmark Crypto Bills

XRP price started a fresh increase and surged above the $3.350 zone. The price 
is now consolidating gains and might continue to rise above the $3.60 zone. 
XRP price started a fresh increase above the $3.350 zone. The price is now 
trading above $3.40 and the 100-hourly Simple Moving Average. There is a key 
bullish trend line forming with support at $3.450 on the hourly chart of the 
XRP/USD pair (data source from Kraken). The pair could start another increase 
if it stays above the $3.220 zone. XRP Price Rallies Over 15% XRP price 
started a fresh increase after it settled above the $3.00 level, beating 
Bitcoin and Ethereum. The price was able to climb above the $3.220 resistance 
level. The bulls remained in action and the price gained pace for a move above 
$3.350 barrier. Finally, the price tested the $3.650 zone. A high was formed 
at $3.660 and the price is now consolidating gains. There was a move below the 
$3.60 level but stayed above the 23.6% Fib retracement level of the upward 
move from the $2.80 swing low to the $3.660 high. The price is now trading 
above $3.50 and the 100-hourly Simple Moving Average. There is also a key 
bullish trend line forming with support at $3.450 on the hourly chart of the 
XRP/USD pair. On the upside, the price might face resistance near the $3.620 
level. The first major resistance is near the $3.660 level. A clear move above 
the $3.660 resistance might send the price toward the $3.750 resistance. Any 
more gains might send the price toward the $3.80 resistance or even $3.880 in 
the near term. The next major hurdle for the bulls might be near the $4.00 
zone. Downside Break? If XRP fails to clear the $3.660 resistance zone, it 
could start another decline. Initial support on the downside is near the 
$3.450 level and the trend line zone. The next major support is near the 
$3.350 level. If there is a downside break and a close below the $3.350 level, 
the price might continue to decline toward the $3.320 support. The next major 
support sits near the $3.220 zone. Technical Indicators Hourly MACD – The MACD 
for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative 
Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support 
Levels – $3.450 and $3.350. Major Resistance Levels – $3.660 and $3.80.

XRP Price Skyrockets—Is a $4 Target Now Within Reach?

Bitcoin continues to maintain upward momentum despite a recent pullback from 
its all-time high. Currently trading at $117,847, the asset has recorded 
nearly a 10% gain over the past week. The dip from peak levels, approximately 
a 4.1% decline, has not dampened broader investor sentiment, with several on- 
chain indicators suggesting renewed buying interest and reduced selling 
pressure. Related Reading: Bitcoin Retail Demand Rebounds – $0–$10K Transfer 
Volume Turns Positive Bitcoin Whale Withdrawals Decline, While Stablecoins 
Flow In In a recent analysis posted to CryptoQuant’s QuickTake platform, 
analyst Amr Taha shared insights pointing to a strategic change in behavior 
among key Bitcoin holders and investors. The report, titled &#8220;Stablecoin Flood 
and Whale Retreat: Binance Moves Foreshadow Risk-On Sentiment&#8221;, outlined 
significant trends in whale activity and stablecoin flows that may support 
continued bullish momentum in the near term. Taha’s research highlighted a 
steep reduction in whale-level Bitcoin deposits on Binance. Over the past 30 
days, these deposits have dropped from $6.75 billion to $4.5 billion, a $2.25 
billion decline. Historically, large deposits from whales to centralized 
exchanges often signal an intention to sell, so the recent drop may imply a 
reduction in immediate sell-side pressure. This could stabilize Bitcoin’s 
price in the short term, especially if whales continue to hold or move assets 
to cold storage instead of preparing them for sale. At the same time, 
stablecoin flows have increased dramatically across major exchanges. On July 
16, Binance and HTX saw combined stablecoin inflows exceeding $1.7 billion. 
Taha interpreted this as an indication that large entities, possibly 
institutions or whales, are preparing to accumulate digital assets. Large 
stablecoin deposits often precede significant buying activity, suggesting that 
the market could be gearing up for another leg higher, particularly if paired 
with reduced sell-side movements. Macroeconomic Developments and Miner 
Sentiment Add Context This on-chain activity is unfolding amid broader 
economic and political developments. Taha’s report also pointed to speculation 
around President Donald Trump’s comments during a private meeting, in which he 
reportedly considered replacing Federal Reserve Chair Jerome Powell. Though 
later denied, the remark sparked reactions in traditional markets, including a 
weaker dollar and rising bond yields. These shifts signaled a rotation into 
risk assets, potentially benefiting crypto markets as investors reallocate 
capital in anticipation of a more accommodative monetary stance. Related 
Reading: This Bitcoin Thesis ‘Will Retire Your Bloodline,’ Says Expert 
Separately, CryptoQuant analyst Arab Chain analyzed Bitcoin’s miner 
profitability using the Puell Multiple indicator. The data shows that while 
miners are currently making solid profits, the level has not reached 
historical peaks seen during prior market tops. In the 2017 and 2021 cycles, 
extreme miner profitability (indicated by Puell readings exceeding 2.0–3.0) 
often preceded sharp price corrections. At current levels, Arab Chain believes 
the market is not in a euphoric state, reducing the likelihood of imminent 
volatility due to miner-driven selloffs. Featured image created with DALL-E, 
Chart from TradingView

Bitcoin Trades Above $117K as Whale Deposits Decline and Stablecoin Inflows Rise

Surges in the price of Ether and XRP have driven total crypto market 
capitalization to record highs just shy of $4 trillion.

Crypto market cap nears $4T, just behind the biggest company in the world

Crypto ethics reform is accelerating as sweeping legislation gains traction to 
block federal officials from cashing in on digital assets, igniting major 
momentum in Washington’s crackdown. Momentum Builds for Crypto Ethics Reform 
as Lawmakers Target Official Conflicts Efforts to restrict crypto involvement 
by federal officials are gaining steam, as lawmakers expand support for 
ethics-focused legislation […]

Lawmakers Accelerate Efforts to Address Crypto Ethics With MEME, Stop TRUMP Acts

Ethereum price started a fresh increase above the $3,500 zone. ETH is now 
showing bullish signs and might continue to rise toward the $3,800 zone. 
Ethereum started a fresh increase above the $3,350 level. The price is trading 
near $3,500 and the 100-hourly Simple Moving Average. There is a key bullish 
trend line forming with support at $3,490 on the hourly chart of ETH/USD (data 
feed via Kraken). The pair could start a fresh increase if it remains 
supported above the $3,350 zone in the near term. Ethereum Price Rises Further 
Above $3,500 Ethereum price started a fresh increase above the $3,220 zone, 
outperforming Bitcoin. ETH price gained pace for a move above the $3,350 
resistance zone to remain in a positive zone. The bulls even pumped the price 
above $3,500. Finally, it tested the $3,620 zone. A high was formed at $3,627 
and the price is now consolidating gains above the 23.6% Fib retracement level 
of the upward move from the $2,935 swing low to the $3,627 high. Ethereum 
price is now trading above $3,500 and the 100-hourly Simple Moving Average. 
There is also a key bullish trend line forming with support at $3,500 on the 
hourly chart of ETH/USD. On the upside, the price could face resistance near 
the $3,630 level. The next key resistance is near the $3,650 level. The first 
major resistance is near the $3,720 level. A clear move above the $3,720 
resistance might send the price toward the $3,800 resistance. An upside break 
above the $3,800 resistance might call for more gains in the coming sessions. 
In the stated case, Ether could rise toward the $3,880 resistance zone or even 
$4,000 in the near term. Are Downsides Limited In ETH? If Ethereum fails to 
clear the $3,630 resistance, it could start a downside correction. Initial 
support on the downside is near the $3,550 level. The first major support sits 
near the $3,500 zone and the trend line. A clear move below the $3,500 support 
might push the price toward the $3,420 support. Any more losses might send the 
price toward the $3,350 support level in the near term. The next key support 
sits at $3,220. Technical Indicators Hourly MACD – The MACD for ETH/USD is 
gaining momentum in the bullish zone. Hourly RSI &#8211; The RSI for ETH/USD is now 
above the 50 zone. Major Support Level – $3,500 Major Resistance Level – 
$3,650