Why Crypto Prices Are Soaring: The Ultimate Guide (11th July, 2025) 🚀💰

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The crypto market has decided to throw a massive party today, with the total market cap jumping 5.24% in the past 24 hours to a whopping $3.65 trillion. Trading volumes have exploded by 47.14%, hitting a staggering $208.23 billion, which is like the entire population of a small country deciding to trade crypto at once. While the Fear & Greed Index is holding steady at a neutral 67, the bulls are clearly having the best time of their lives. 🎉

Why is the Crypto Market Up Today?

Today, the crypto market has been fueled by a cocktail of fundamental drivers that would make a mixologist jealous. Record-breaking ETF inflows, aggressive short liquidations, and a dash of regulatory optimism have all contributed to the rally. Bitcoin ETFs alone pulled in $1.17 billion in net inflows on July 10, while Ethereum is basking in the glow of its staking ecosystem and ETF developments. Meanwhile, the upcoming “Crypto Week” in the U.S. Congress on July 14 is like a big, mysterious present that everyone is excited to open. 🎁

Bitcoin (BTC) Price Prediction:

Bitcoin has taken the lead with an impressive breakout to a new all-time high of $118,339.82, posting a 6.11% gain over the past 24 hours. The price broke through the $117,000 resistance like it was made of paper, thanks to aggressive short liquidations worth $570 million. This move triggered a cascade of stop losses and short covers, pushing BTC sharply higher. The record $1.2 billion in ETF inflows added fuel to the rally, effectively tightening the available supply on exchanges. 🚀

Technically, the daily chart reveals an ascending triangle breakout with strong volume confirmation. If this trend continues, Bitcoin could test the $121,000 to $122,500 range in the next 24 hours. That being said, we cannot rule out the immediate support near $114,800, which could act as a retest level before another leg up. 📈

Check out our Bitcoin (BTC) Price Prediction 2025, 2026-2030!

Ethereum (ETH) Price Prediction:

Ethereum, too, has had a fantastic day, climbing 8.76% to trade at $3,024.90. ETH saw a 32.7% jump in daily volume, hitting $37.26 billion. The recent rally was triggered in part by short covering, as the token reclaimed levels above the $2,600 “max pain” point from recent options expiry. Additionally, on-chain data reveals that whales accumulated $358 million worth of ETH in the past 24 hours, a strong sign of growing institutional confidence. 🐳

Looking at the chart, Ethereum is breaking out of a cup-and-handle pattern on the 4-hour chart. With momentum on its side and RSI still below extreme overbought territory, ETH appears poised to test the $3,120 to $3,180 zone in the near term. Support is now seen at $2,920, which was a key resistance flipped into support. 📊

Ripple XRP Price Prediction:

XRP is no slouch either, climbing 6.55% on the day to trade at $2.58, supported by strong buying interest and a surge in trading volume to $6.83 billion. The main catalyst appears to be growing optimism around a final resolution in the long-running Ripple vs. SEC case. Reports hint at the final terms of the settlement being reached, boosting investor confidence. 🤝

Technically speaking, XRP price broke above the key resistance level of $2.50 with increasing volume, triggering a bullish flag breakout. The MACD indicator on the hourly chart has flipped bullish, and price structure suggests continuation toward the $2.75 to $2.80 level in the short term. Support now rests at $2.45, which is likely to attract dip-buyers if the price pulls back. 📈

FAQs

Why are crypto prices up today?

The Crypto prices are rising today due to a combination of record ETF inflows, over $1 billion in short liquidations, whale accumulation in ETH, and optimism ahead of U.S. regulatory discussions set for July 14.

Will Bitcoin price break out to another all-time high?

Yes, if the bullish momentum sustains, BTC price could eye another ATH above $121k.

How much is 1 XRP for?

The price of 1 XRP token at the time of press is $2.58, with an intraday price surge of 6.55%

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2025-07-11 10:56