Crypto Today: Bitcoin soars past $80K as Ethereum and XRP hold gains

• Bitcoin breaks above $80,000 for the first time in almost four months, supported by $2.26 billion in ETF inflows in six days.
• Ethereum extends gains for the third consecutive day as bulls eye a short-term breakout above $2,600.
• XRP builds momentum toward the previous week’s high of $1.70, anchored by an improving technical structure.

Bitcoin (BTC) is trading above $80,000 on Tuesday. This is the highest level the Crypto King has traded since mid-May, underscoring a positive shift in investors' risk-on sentiment, liquidity conditions and the technical outlook.

Ethereum (ETH) follows in Bitcoin’s footsteps, hovering near $2,500 while bulls target a potential breakout past $2,600. Meanwhile, Ripple (XRP) is holding onto last week's gains, trading around $1.50.

BTC, ETH and XRP stay strong amid steady ETF inflows

Bitcoin continues to perform well, following last week’s remarkable rally. This renewed bullish momentum stems from several factors, including the United States (US) Treasury’s long-term bond buybacks and broader risk-on sentiment after the Securities and Exchange Commission (SEC) doubled down on efforts to establish clearer regulatory guidelines for the industry.

“Bitcoin and the broader digital asset market staged a strong relief rally, driven by two clear catalysts: the US Treasury's actions and renewed momentum from the SEC toward establishing a clearer regulatory framework for the industry,” Crypto Finance AG said in a comment to FXStreet.

US-listed Bitcoin Exchange-Traded Funds (ETFs) have logged six straight days of inflows, totaling $2.26 billion, reinforcing growing risk appetite among institutional investors. Inflows totaled $338 million on Monday, growing slightly from Friday’s $307 million. Cumulative inflows currently stand at $54 billion, with net assets under management at $99 billion, according to SoSoValue.

Investor interest in Ethereum spot ETFs is growing, as evidenced by roughly $116 million in inflows recorded on Monday. This marks the sixth consecutive day of inflows, underscoring positive sentiment surrounding crypto-related investment products. Cumulative inflows stand at $12.27 billion, increasing from $12.15 billion over the same period. Meanwhile, assets under management total $14.74 billion.

After months of extreme fear, the crypto Fear & Greed Index remains elevated at 73 in the Greed territory on Tuesday, up from the previous day’s 66 and last week’s 33. This shows that investors are inclined to continue increasing risk exposure.

As for XRP spot ETFs, inflows narrowed to about $14 million on Monday from $18 million the day before. Despite the minor correction, the token has sustained a steady inflow streak since last Tuesday, backing its recovery from $1.00 to highs around $1.70 on Saturday before moderating to the current $1.50 area.

Technical analysis: Bitcoin upholds bullish momentum

Bitcoin trades at $80,776, maintaining a firm bullish bias as price holds well above the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs), clustered between roughly $67,400 and $71,900. The reclaimed downward resistance trendline, which was broken near $62,562, now lies well below spot and reinforces the broader uptrend.

Momentum remains overheated, with the Relative Strength Index (RSI) hovering deep in overbought territory near 84, while the Moving Average Convergence Divergence (MACD) stays positive and elevated, suggesting upside pressure persists but the rally is becoming stretched.

Initial support lies at the recent breakout and current-price pivot zone around $80,000. A deeper pullback would expose the 200-day EMA near $71,880 as the next key cushion, followed by the 100-day EMA at $67,709 and the 50-day EMA at $67,392, while the prior trendline break area around $62,562 offers a more distant structural floor. On the topside, the next notable resistance lies at key psycholgical levels including $84,000 and $88,000, respectively.

Altcoins tehcnical outlook: Ethereum and XRP bulls tighten grip

Ethereum holds a firm bullish bias as price extends well above the 50-day, 100-day and 200-day EMAs clustered between roughly $2,000 and $2,150, suggesting a mature uptrend with substantial underlying demand.

Momentum remains strong, with the MACD firmly positive and above its signal line while the RSI hovers near 80, hinting at overbought conditions that could slow the pace of gains even if the broader bullish structure stays intact.

Initial support lies at the 200-day EMA near $2,146, with the 50-day EMA around $2,006 and the 100-day EMA near $1,985 providing a deeper demand band if a corrective pullback unfolds. As long as ETH holds above this EMA cluster, dips are likely to be viewed as corrective within the broader uptrend, while the absence of nearby overhead resistance on the daily chart suggests any extension higher would primarily be governed by momentum, psycholgical levels and profit-taking rather than well-defined structural caps.

Meanwhile, XRP holds well above the 50-day, 100-day and 200-day EMAs, reinforcing a strong bullish near-term bias as price extends its advance away from these dynamic support lines. The RSI hovers deep in overbought territory near 81, while the MACD remains positive with the line above its signal and the histogram still elevated, suggesting persistent but potentially stretched upside momentum.

Initial support emerges at the 200-day EMA around $1.35, where a correction could first pause if buyers defend the broader uptrend. A deeper pullback would expose mid-range EMA supports near $1.19 and $1.16, which align with prior consolidation levels and would likely attract dip-buying interest as long as the broader bullish structure remains intact.

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