Crypto Today: Bitcoin, Ethereum and XRP edge lower despite strong institutional buying

• Bitcoin slides and trades below $83,000 on Monday as headwinds return, undeterred by $2.4 billion in weekly ETF inflows.
• Ethereum sellers return as price slips below $2,650, even as steady institutional support persists through spot ETFs.
• XRP retreats 10% from its September highs near $1.66, hovering below $1.50 while aligning with weakening momentum indicators.

Cryptocurrency prices are broadly moderating on Monday, with Bitcoin (BTC) hovering below $83,000 at the time of writing. Ethereum (ETH) and Ripple (XRP) reflect BTC’s weakness, as sellers return, pushing prices below $2,650 and $1.50, respectively.

The next few days will indicate the crypto market's direction after last week’s rally. For Bitcoin, traders should watch the $80,000 level, which, if broken, could deepen the sell-off, while defending the area as support may trigger fresh buying and a subsequent rally.

Crypto ETFs attract strong institutional demand

Bitcoin spot Exchange-Traded Funds (ETFs) posted another successful week, with inflows to $2.4 billion last week, from a mere $6.2 million the previous week. Cumulative inflows ticked up near $58 billion, with net assets under management averaging $108 billion, according to SoSoValue data. The surge in institutional demand supports a short to medium-term bullish outlook and provides trend support.

Ethereum spot ETFs recovered last week, with inflows totaling $690 million on Monday, following outflows of $140 million the week before. The return of institutional demand underpins Ethereum’s near-term bullish outlook, with cumulative inflows edging higher at $14 billion while net assets under management average $18 billion.

XRP, meanwhile, recorded inflows of $76 million last week, increasing from the $10 million posted the week before. This also marked the 11th consecutive week of inflows, underscoring institutional demand and interest in the cross-border transfer token. Cumulative inflows currently stand at $1.8 billion, with net assets under management also at $1.8 billion.

Technical analysis: Bitcoin momentum cools

Bitcoin trades below $83,000 but maintains a bullish near-term bias, as price remains well above the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs), suggesting a well-supported uptrend. The SuperTrend indicator at $78,352 also sits below the market, reinforcing underlying demand, while the Relative Strength Index (RSI) near 58 hints at constructive but not overextended momentum, and the Moving Average Convergence Divergence (MACD) hovers just above zero with a modest positive reading, pointing to steady rather than explosive upside pressure.

Immediate support is found at the current pivot area around $83,000, ahead of a first technical floor clustered between the SuperTrend signal at $78,352 and the 50-day EMA at $77,301. Deeper pullbacks would likely target the broader dynamic base defined by the 200-day EMA at $74,242 and the 100-day EMA at $73,920, where buyers are expected to defend the prevailing bullish structure as long as daily closes hold above this zone.

Altcoins technical analysis: Ethereum and XRP correction persists

Ethereum trades downward at $2,651, maintaining a bullish near-term bias as price holds well above its key EMAs. The pair is supported by the 50-day EMA around $2,426 and the SuperTrend line near $2,434, suggesting buyers remain in control as dips are absorbed above these dynamic trend markers.

Momentum is constructive, with the RSI hovering just under 60, although the MACD has slipped slightly into negative territory, hinting that upside momentum is moderating rather than reversing.

Initial support lies in the $2,425-$2,435 area, where the 50-day EMA and the SuperTrend indicator cluster. A break below this zone would expose deeper support at the 100-day EMA around $2,265, followed closely by the 200-day EMA at approximately $2,261. As long as the pair holds above this stacked EMA base, the broader uptrend remains intact and pullbacks are likely corrective, while the lack of nearby mapped resistance leaves room for further gains, though slowing momentum suggests advances could become more gradual.

As for XRP, the token remains under pressure, edging lower below $1.50. Despite the correction, the broader structure retains a constructive bullish bias as price holds well above the short, medium and long-term EMAs. The stacked EMA configuration on the daily chart hints at a supportive underlying trend, while the SuperTrend line around $1.28 remains a distant bullish trailing floor.

Momentum indicators back the upside tone, with the RSI near 55 avoiding overbought territory and the MACD hovering slightly above zero, suggesting positive but not overstretched directional pressure.

Immediate technical support is reinforced first by the 200-day EMA at $1.37, closely followed by the 50-day EMA at $1.36, which together form a nearby demand band that could attract dip-buying if price retreats. Below that, the 100-day EMA at $1.30 and the SuperTrend support at $1.28 mark deeper pullback zones that would need to hold to preserve the broader bullish structure in the days ahead.

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