Bitcoin breakout lifts XRP and Solana as XRP hits 12-year lows amid tentative reversal signals

Crypto markets were reportedly supported on July 3 after Bitcoin moved above a key resistance level, lifting sentiment across the sector. The same coverage said XRP followed with its own breakout while Solana maintained strength as buyers attempted to extend the rally, though all three remained near technical decision points for whether price action would continue higher or consolidate ^[1].

Multiple reports focused on XRP’s technical and on-chain backdrop. CoinDoo said XRP was trading near $1.10 and referenced Santiment data showing record lows in 30-day and 365-day MVRV ratios, alongside a short-term improvement on the 4-hour chart (price back above the 50- and 100-period SMAs) while still lagging on the daily chart. Another analysis similarly noted that XRP reclaimed the $1.10 area after a roughly 5% daily gain, but also said sentiment and holder metrics remain at historically extreme levels, citing 30-day MVRV of -45% and 365-day MVRV of -47% ^{[2] [3]}.

Separately, Coinpaper reported that XRP has hit what it described as a 12-year return low, with both short- and long-term holders still facing losses, framing the conditions as consistent with past rebound setups. A separate outlook article also cited analysts projecting an XRP price target of $7.90 by 2031 ^{[4] [5]}.

Overall, the coverage characterized July 3’s broader move as led by Bitcoin strength while XRP’s near-term recovery remained tied to close monitoring of technical levels and historically weak holder metrics ^{[1] [2] [3]}.