XRP Dips 8%, Bitcoin Holds $119K – July 24, 2025 Morning Crypto Update

XRP Dips 8% as Bitcoin Holds Firm at $119K – July 24, 2025 Morning Crypto Market Update

On July 24, 2025, at 9:00 AM IST, the crypto market opens with mixed signals. XRP faces selling pressure, dropping 8.04% to $3.22 despite a significant 107% surge in its 24-hour trading volume to nearly $790 million. This hints at a strong correction phase after recent multi-year highs, as investors react to market dynamics and regulatory developments.

Meanwhile, Bitcoin (BTC) remains steady at $119,000, with volume dipping nearly 19.5% to $670 million, indicating consolidation in its current range. Ethereum (ETH) retreats 2.59% to hold around $3,700, supported by a moderate volume increase of 4.8% and a slightly higher funding rate of 0.96%, suggesting cautious bullish sentiment.

Solana (SOL) is also down 5.16% at nearly $191.54, with volume declining 21.4%, reflecting some short-term selling after strong prior rallies. Market watchers note that Solana's recent correction follows liquidation pressure but remains near key support levels.

The overall picture is a mixed but active start to the day, with XRP's sharp pullback contrasting Bitcoin’s resilience and a broadly cautious tone among altcoins as investors digest recent gains and await further catalysts.

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