The crypto market kicked off the week with a modest uptick. XRP climbed 1.07% to $1.10, while the broader market capitalization rose 0.9% to $2.21 trillion. Bitcoin, Ethereum, Solana, and Dogecoin all posted gains, though none broke out of recent ranges.
XRP's small move
The 1.07% gain puts XRP back above the psychological $1.10 mark. It's not a huge jump, but it's a green candle after a few days of sideways action. The token has been trading in a tight band since mid-July, and this move doesn't signal a breakout yet. Volume was slightly above average, suggesting some fresh buying interest.
Broader market in lockstep
The total crypto market cap added about $20 billion overnight. Bitcoin rose roughly 0.8%, Ethereum 1.1%, Solana 1.3%, and Dogecoin 0.7%. The moves were broad but shallow — no single coin dominated the rally. It looks like a general risk-on mood rather than a catalyst-driven pump.
Fed meeting on the horizon
The Federal Reserve is scheduled to meet in July — that's this week. Markets are pricing in a high probability of a rate hold, but the statement and press conference could move things. Crypto traders have been watching the Fed closely all year. A dovish tone could give risk assets a boost; a hawkish surprise might reverse today's gains. The decision is expected Wednesday afternoon.
For now, the market is treading water. XRP's $1.10 level is a small win, but the real test comes when the Fed speaks.
