📰 Bitcoin (BTCUSD) Faces Downside Pressure as XRP Nears Major Breakout and Spot ETF Approval Gains Momentum

📅 Jul 23, 2025, 18:40 EDT | 🔗 Source: NewsBTC

🧠 Summary

XRP is nearing an 8-year resistance breakout versus BTC, signaling potential momentum shift. XRP Spot ETF approval odds have reached 95% for 2025, boosting institutional interest. This development may pressure Bitcoin price, reflecting shifts in altcoin valuations amid evolving market sentiment.

💡 Why this signal?

XRP approaching a technical breakout against Bitcoin indicates rising altcoin strength potentially eroding Bitcoin dominance.
High odds (95%) of XRP Spot ETF approval in 2025 fuel institutional demand and positive sentiment toward XRP, pressuring BTC.
The growing enthusiasm for altcoin ETFs including XRP suggests a shift in capital allocation away from Bitcoin, leading to downside pressure on BTCUSD.

📈 BTCUSD Price Trend

⏱️ Impact Timing

as soon as the news is out

👥 Competitor Impact

No competitors impacted.

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