Crypto fever: Ethereum and XRP crash – investors panic!

Crypto fever: Ethereum and XRP crash – investors panic!

On July 24, 2025, the crypto market shows a mixed record with significant declines in Ethereum and XRP. Bitcoin remains stable at $117,500 despite recording a slight loss of 0.9 percent. The decline in other cryptocurrencies appears to be due to profit-taking among investors, resulting in an overall decline in the crypto market's total market capitalization of 3.3 percent to $3.8 trillion, corresponding to a loss of around $140 billion. More than $93 million in XRP long positions were liquidated in the last 24 hours, the second highest value after Ethereum. However, CoinW analyst Nassar Al Achkar sees no clear reason for the correction, despite the positive market performance recently.

Ethereum (ETH) reports a decline of more than 4 percent to $3,520, following an earlier impressive rise to $3,843. This trading week, $1.16 billion of fresh capital flowed into US Ethereum ETFs. Despite this inflow data, technical indicators seem to be pointing to a correction, while users see an almost 40 percent chance that Ethereum could reach $4,000 by July 25th. The Relative Strength Index (RSI) for Ethereum is at 70, indicating strong upward pressure but also suggesting an overbought situation.

XRP and its dramatic decline

XRP (Ripple) has seen a drastic decline of over 12 percent to $3.04 after recently hitting a new all-time high of $3.52. This volatility may have been amplified by long liquidation and market pressure. The RSI for XRP is currently at 71, signaling overbought conditions, while the Average Directional Index (ADX) is at 20, indicating a new trend direction may be coming. For XRP, the immediate support and resistance levels are located at $2.93 and $3.68, respectively.

Overview of the market and positive developments

Despite the declines in Ethereum and XRP, the market appears robust overall. Bitcoin had reached a new all-time high of $122,838 the previous week, which has supported positive market sentiment so far. Furthermore, there was a notable increase in Dogecoin (DOGE), which rose by 33.5 percent to $0.274, making it the top meme coin. The RSI for DOGE shows strong buying pressure at 61, while its immediate support lies at $0.21.

In addition, significant steps have been taken to regulate the market, including the enactment of the GENIUS Act, which creates a legal framework for stablecoins in the US, which has a positive impact on institutional investors. These developments give hope for continued growth in the crypto market. However, it is crucial to continue to closely monitor current trends and price movements to make informed decisions.