Economic Data and Earnings Reports This Week Could Sway Bitcoin, Ethereum, XRP

Markets opened this week following Trump's cancellation of planned US strikes on Iran, with several significant economic reports set to land in coming days. Roughly one-fifth of S&P 500 companies are reporting earnings this week, adding potential for volatility across asset classes including crypto.

Bitcoin closed July at $62,818, down more than 49% from its October peak. One analyst tracking technical levels noted that the 200-week moving average sits near $63,000, the realized price hovers around $52,000 and continues to decline, and the monthly RSI reading of 43 remains below the neutral 50 level. This analyst suggested Bitcoin may be entering a bottoming phase, a process that historically spans one to three months and often includes a dip below the realized price.

A separate technical comparison to previous cycles offers a different frame. Measured by days elapsed since Bitcoin's October peak, historical median patterns would place the asset near $45,347 today. Instead, Bitcoin is trading roughly 39% above that historical benchmark, indicating relative strength compared to past cycles, though this does not guarantee the decline has finished.

XRP is compressing between its 20-day and 50-day moving averages in a tight range near $1.08 to $1.12, according to chart analysts. The token must defend support at $1.06 and reclaim resistance at $1.16 to shift its technical structure. Every relief rally since XRP's January high near $2.40 has faced the same resistance pattern at $1.16.

Ethereum has traded in a narrow band between roughly $1,860 and $1,955 for several weeks. One analyst suggests the token could eventually reach higher levels after a deeper pullback, but only following a specific sequence: a rally into the $1,900 to $2,000 resistance zone, a distribution period, then a deeper test toward the $900 to $1,400 range before any new bull cycle begins.