Crypto Today: Bitcoin, Ethereum, XRP falter despite steady spot ETF inflows

• Bitcoin trades lower below $80,000 as $987 million in spot ETF inflows last week fail to offset overhead pressure.
• Ethereum stalls below $2,500 as momentum indicators gradually weaken.
• XRP risks extending its down leg below $1.40 as upside remains capped and weekly spot ETF inflows normalize.

Cryptocurrency prices are facing a broad correction on Monday, following failed attempts to break through key resistance levels. Bitcoin (BTC) is retreating toward $79,000 at the time of writing, pressured by ongoing profit-taking and persistent macroeconomic headwinds.

Altcoins, including Ethereum (ETH) and Ripple (XRP), are reflecting Bitcoin’s short-term bearish bias. The largest smart contract token, ETH, holds below $2,500 while Ripple (XRP) tests support provided at $1.40.

Despite the headwinds, market sentiment remains strong, as reflected in the Fear & Greed Index, which holds at 71 in the Greed territory on Monday, down only marginally from 73 the day before. This index reinforces appetite for risk assets; hence steady capital inflows.

US-listed crypto ETFs uphold inflows

Bitcoin spot Exchange-Traded Funds (ETFs) extended their bullish streak, with inflows averaging $987 million last week through Friday. This marks the third consecutive week of inflows, reinforcing risk-on sentiment as institutional traders increasingly seek exposure. SoSoValue data shows cumulative inflows averaging $56 billion, with net assets under management at $101 billion.

US-listed Ethereum spot ETFs also recorded their third straight week of inflows, totaling $218 million through Friday. Cumulative inflows stand at roughly $13 billion, with net assets under management at approximately $16 billion. Steady ETF inflows are needed to absorb selling pressure and provide a tailwind to sustain gains.

As for XRP spot ETFs, inflows normalized last week to nearly $19 million through Friday, down from $110 million the week before. SoSoValue data shows eight consecutive weeks of inflows, backing the broader bullish outlook and positive market sentiment. Cumulative inflows stand at $1.68 billion, with net assets under management at $1.48 billion.

Technical Analysis: Bitcoin pressured below $80,000

Bitcoin trades at $79,460, holding a bullish near-term bias as price remains clearly above the major Exponential Moving Averages (EMAs), suggesting an intact primary uptrend despite the recent pullback, while momentum signals are mixed, with the Relative Strength Index (RSI) hovering in bullish territory around 64 on the daily chart and the Moving Average Convergence Divergence (MACD) still negative, hinting at ongoing but moderating corrective pressure within the broader advance.

On the downside, immediate support is defined by the clustered 50-day and 200-day EMAs between roughly $72,100 and $72,800, with the deeper 100-day EMA near $70,300 acting as a more strategic floor if selling extends. With no nearby technical resistance above the spot price on the daily chart, a sustained hold above these moving-average supports keeps the focus on dip-buying rather than a trend reversal, as long as momentum does not continue to deteriorate.

Altcoins technical outlook: Ethereum and XRP wobble amid broader bullish bias

Ethereum trades at $2,491, holding a constructive bullish bias as it extends above the main EMAs. The spot price remains comfortably above the 50-day Exponential Moving Average (EMA) near $2,192 and the 200-day EMA around $2,185, suggesting the broader uptrend remains supported despite a recent loss of upside momentum.

The RSI around 63 stays in positive territory without yet signaling overbought extremes, while the Moving Average Convergence Divergence (MACD) trades in negative territory, hinting that the latest consolidation has softened bullish pressure even as price action stays elevated.

On the downside, initial demand is seen around the 50-day EMA at roughly $2,192, with the 200-day EMA just beneath at about $2,185, forming a nearby support band that could attract dip buyers if ETH pulls back. A deeper retreat would expose the 100-day EMA near $2,095 as the next key floor in the broader structure; failure there would signal a more pronounced corrective phase within the prevailing uptrend.

XRP, meanwhile, retains a constructive near-term bias as price holds above the 200-day EMA at roughly $1.36, while also staying well above the 50-day and 100-day EMAs clustered between $1.25 and $1.24, which together suggest an underlying bullish structure.

However, the Parabolic SAR at about $1.61 and the broader downward resistance trendline projected from $1.70 still sit overhead, hinting that upside momentum may be moderating, a view reinforced by a moderately bullish RSI near 60 and a slightly negative MACD histogram that suggests waning bullish pressure.

Initial support is defined by the 200-day EMA at $1.36, with further demand expected near the 50-day EMA at $1.25 and the 100-day EMA at $1.24 if a deeper correction unfolds. On the topside, bulls would need to clear the Parabolic SAR barrier around $1.61 before challenging the descending trendline resistance near $1.70, a break above which would significantly reinforce the broader bullish outlook.

(The technical analysis of this story was written with the help of an AI tool. Know more.)