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Ripple (XRP) Dominates Ethereum (ETH) on This Front: Details

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TL;DR

  • According to Google data, Ripple’s native token has recently enjoyed a rise in worldwide interest, in addition to charting double-digit weekly price gains.
  • The ongoing legal battle between Ripple and the SEC may be nearing a resolution, with some experts predicting a settlement before the end of the summer.

XRP’s Achievement

Ripple’s XRP has been making the headlines lately due to its price appreciation in the past week or so. It spiked to a nearly four-month high of over $0.63 on July 18 before retracing to the current $0.60.

XRP Price
XRP Price, Source: CoinGecko

The token’s weekly surge is around 12%, thus outperforming Bitcoin (BTC) and Ethereum (ETH), whose gains for the same period are 6% and 3%, respectively.

Aside from these impressive increases, Ripple’s native token has garnered the attention of retail investors. Data from Google Trends shows that the “Ripple (XRP)” searches have surged in the past two weeks, perhaps due to the price increase, and have been dominating the queries for “Ethereum (ETH)” for nearly a month.

The countries most intrigued by XRP are Australia, South Africa, Belgium, Cyprus, and Switzerland.

Interest in XRP vs ETH
Interest in XRP vs ETH, Source: Google Trends

It is worth noting that the interest in ETH has been going up in the past few days and might soon reverse the current trend. A contributing factor for such a potential development could be the official launch of spot Ethereum exchange-traded funds (ETFs) in the United States and the hype surrounding the initiative.

The five products to begin trading today (July 23) are 21Shares Core Ethereum ETF, Fidelity Ethereum Fund, Invesco Galaxy Ethereum ETF, VanEck Ethereum ETF, and Franklin Ethereum ETF.

The Ripple v SEC Lawsuit

Another element possibly fueling more interest in XRP is the progress of the legal battle between Ripple and the US Securities and Exchange Commission (SEC) and the rumors of an upcoming resolution.

The entities have been confronting each other for over three and a half years, with the case entering its trial phase in April. While its official end could be prolonged indefinitely due to possible appeals from both sides, some individuals suggested an outcome could be just around the corner. 

The American attorney Fred Rispoli set July 31 as a possible settlement date, while Jeremy Hogan believes the news might be announced before the end of the summer. Ripple’s CEO – Brad Garlinghouse – chipped in, too, saying a resolution is “very near:”

“The ruling has been clear from the judge. There is one final piece about these investment contracts sold to institutions. We expect a resolution very soon, but we can’t predict exactly when the judge will rule there.”

Those curious to learn about the case’s specifics and how it may impact the price of XRP, please check our dedicated video below:

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Bitcoin Dominance Skyrockets as ETH and Other Altcoins Plummet

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Bitcoin’s price took another turn for the worse in the past 24 hours after the US attacked multiple Iranian nuclear sites, and the asset plunged to a multi-week low.

The altcoins have posted even more notable price declines, which is evident from the growing BTC dominance.

Bitcoin Tries to Recover

The business week began on a different note as the primary cryptocurrency shot from under $105,000 to $109,000 by Tuesday. However, it faced an immediate and violent rejection that pushed it south hard as the tension in the Middle East continued to rage on.

In a matter of hours, BTC dumped to $103,500 before the bulls initiated an impressive leg up that drove the asset higher by around $3,000. Nevertheless, the overall negative market sentiment continued, and bitcoin started to lose value once again in the following days.

The culmination came earlier today as the US launched “successful” attacks against multiple nuclear sites in Iran, as described by the POTUS. Moreover, Trump warned that there will be more violent strikes if Iran decides to retaliate in any form.

Bitcoin’s price tumbled below $101,000 for the first time in almost three weeks. However, it remained within a six-digit price territory and has recovered to $102,500 as of now.

Its market cap is down to $2.040 trillion on CG, but its dominance over the alts has skyrocketed to almost 63% as most bleed out.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

Alts Deep in Red

The rising BTC dominance in times when the cryptocurrency’s price is dropping means only one thing – the alts have it even worse. Interestingly, it’s not just the lower caps that are suffering badly. Ethereum, the largest of the bunch, has dumped by over 7% in the past 24 hours and is close to breaking below $2,200. Recall that ETH stood tall close to $2,800 just until a week ago.

Solana, Dogecoin, Cardano, SUI, LINK, HBAR, and LINK are also deep in the red from the bigger alts. Even more painful declines come from VIRTUAL, APT, INJ, TIA, TAO, SEI, JUP, FET, and PEPE, as all of them are down by double-digits on a daily scale.

These developments are only supporting a recent report, which claimed that those hoping for an altseason are relying mostly on “wishful thinking” rather than any hard data.

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Cryptocurrency

Bitcoin Volatility Liquidates $700M, the US Strikes Iran as Conflict Escalates (Weekend Watch)

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Crypto markets are going through considerable volatility throughout the past 24 hours as international events are certainly playing their part.

Bitcoin dropped to an intraday low of around $101,000, causing a considerable uptick in liquidated positions.

Bitcoin Price Dips to $101,000

As CryptoPotato reported earlier today, Bitcoin’s price dipped to an intraday low of $101,000. It has since recovered a little bit and trades at $102,500 at the time of this writing.

BTCUSD_2025-06-22_13-56-14
Source: TradingView

That said, the volatiltity remains enhanced, which has resulted in a whopping $700 million worth of liquidated positions across derivatives markets.

Data from CoinGlass shows that this represents an increase of more than 55% compared to yesterday’s levels, attesting to the uncertainty of the ongoing situation.

The turmoil is largely caused by the US decision to strike Iran earlier today, despite Donald Trump saying that he will take two weeks to decide on future moves, just a few days ago.

Bahrain and Kuwait, home to US bases, also started making preparations for the possibility the conflict might spread to their territory in a clear sign of escalation. The same is true for Saudi Arabia.

Altcoins Deep in the Red

The declines spread across altcoin markets as well, which took even bigger of a beating. ETH plunged by more than 7%, SOL is down by over 6%, DOGE, ADA, LINK, SUI, and many more chart similar drops as traders derisk.

The obvious exception is LEO, which remains more or less break even on the day, at least from the top 50 cryptocurrencies by means of total market capitalization.

Today’s worst performer is Aptos (APT), followed by Virtuals Protocol, and Injective (INJ), all of which are down in the range between 10% and 13%.

Screenshot 2025-06-22 at 14.01.32
Source: Quantify Crypto
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

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Cryptocurrency

DeXRP, the First-Ever DEX on XRPL Announced Its IDO – Amidst the Ripple Rally

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[PRESS RELEASE – Dubai, UAE, June 20th, 2025]

The DeXRP team has introduced a decentralized exchange (DEX) on the XRP Ledger (XRPL), aiming to establish a transparent trading environment for XRP holders and enthusiasts.

This development coincides with notable growth in the XRPL ecosystem, as Total Value Locked (TVL) has increased from $16 million to $80.63 million in recent months.

Like Jupiter or 1Inch, DeXRP combines a dual trading model with AMM and full Order Book to support both individual users and institutional participants.

DeXRP IDO Details 

DeXRP Initial DEX Offering (IDO) is currently live. For the Presale is allocated 25% of the total supply – 500,000,000 DXP.

The DeXRP team has already announced the listing price at $0.35, while the current presale round price is $0.00525.

To join the DeXRP IDO, an investor should connect their wallet on the DeXRP Presale page and choose the suitable currency for purchasing.

Early participants can buy DeXRP tokens (DXP) with ETH, BNB, SOL, XRP, BTC, and USDT, as well as bank card transactions.

To learn more about the IDO of DeXRP: https://dexrp.org/uEBXmVh0JwW

DeXRP Protocol

For institutional investors and traders, DeXRP combines both an integrated AMM system and a full Order Book with a Hybrid Trading Model.

The backbone for every DEX is the liquidity providers, and DeXRP is designed to fairly reward all LPs participants;

  • Optimised Liquidity Aggregation

With LP tokens, holders will participate in a fee auction for discounted trading slots, premium features, DEX voting mechanism and access to new trading pairs and pools.

  • Yield Multipliers and Advanced Trading Features

DeXRP introduces customizable yield multipliers to grant liquidity providers enhanced LP rewards with individual adjustment instruments. With full commitment control, users can maximise their earnings.

Tokenomics

$DXP is the utility token for DeXRP, and it grants holders: trading fee discounts, access to premium tools, participation in fee auctions, and much more.

Liquidity providers are eligible for LP token-based rewards and may participate in DeXRP’s upcoming fee auction model to access discounted trading slots and exclusive features.

The DeXRP team also plans to introduce airdrop and bounty initiatives to increase community engagement and platform awareness.

For additional updates and participation details, users may refer to DeXRP’s official channels:

About

DeXRP is a next-generation Decentralised Exchange powered by XRPL that combines deep liquidity, ultra-low fees, and a dual-trading model to deliver an institutional-grade trading experience for everyone, from crypto newcomers to pro traders.

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