The crypto market is experiencing both optimism and caution simultaneously. XRP holds steady near $3 while Tron demonstrates strength through stable demand in futures and spot markets.
XRP Holds Its Ground
Ripple’s XRP has managed to stay firm at $3 even after fresh inflation figures unsettled the market. July’s Producer Price Index jumped 0.9% on the month and 3.3% year over year, stirring worries that the U.S. Federal Reserve may push back interest rate cuts. This weighed on major assets like Bitcoin and Ethereum and knocked XRP to $3.12, sparking $62 million in liquidations, largely from long positions.
Even so, trading activity rose sharply. Daily volumes surged 30% to $12 billion as buyers stepped in to defend the $3 threshold. Analysts believe a breakout above $3.40 could open the path to $4, with further hurdles near $3.66.
Tron Signals Growth
Tron (TRX) has been showing strength as both spot and futures markets signal fresh upside. TRX is trading near $0.357, up 5.48% on the week and 19% across the month, despite a small daily dip. Analysts point to the Futures Volume Bubble Map, which remains in neutral territory, leaving room for growth.
BlockDAG Attracts Attention Ahead of Launch
While XRP and Tron are playing out their moves on the charts, BlockDAG is building its case through delivery and scale. The project has already raised $380 million in its presale, with more than 25.3 billion coins sold at the Batch 29 price of $0.0276. This level of transparency has set BlockDAG apart, building trust with its growing community.
XRP holds its ground while Tron signals a potential climb. BlockDAG, however, is making its case differently, showcasing an interesting project to watch.
