Crypto Today: Bitcoin, Ethereum, XRP rise amid robust ETF inflows, improving sentiment
- Bitcoin gains momentum near $75,000, supported by the highest inflows into spot ETFs since mid-January.
- Ethereum edges up above $2,300, reflecting increasing risk appetite in the broader crypto market.
- XRP holds the 50-day EMA as immediate support, with cumulative ETF inflows reaching $1.27 billion on Friday.
Cryptocurrency prices exhibit relative strength on Monday, broadly rising despite mounting pressure on the United States (US)-Iran ceasefire. Tensions escalated after the US Navy seized an Iranian cargo ship on Sunday, prompting Tehran to cast doubt on attending a second round of peace talks originally scheduled for Tuesday.
Bitcoin (BTC) is trading near $75,000, up from a daily low of $73,724. Ethereum (ETH) appears to follow in Bitcoin’s footsteps, trading around $2,300, while Ripple (XRP) holds above the immediate support at $1.40.
Meanwhile, market sentiment has continued to advance since last week, with the crypto Fear & Greed Index reading 29 on Monday, up from 27 the previous day. Last week, sentiment was generally stuck in extreme fear territory, with a reading of 12. As sentiment improves, demand for crypto assets could surge in tandem, increasing the chances of a steady recovery.
Steady inflows in BTC, ETH and XRP ETFs lift recovery outlook
Institutional interest in Bitcoin has remained relatively steady since Tuesday, with US-listed spot Exchange-Traded Funds (ETFs) marking four consecutive days of inflows on Friday. SoSoValue data show that BTC spot ETFs inflows surged to nearly $664 million, the highest level since January 14.
Cumulative inflows reached $57.74 billion on Friday, with net assets under management averaging $101.45 billion. A steady risk appetite aligns with the improving sentiment and Bitcoin’s growing recovery potential.
Ethereum spot ETFs also paint a bullish outlook, as inflows increased to $127 million on Friday, up from $18 million the previous day. This marked the highest inflow since March 17, when investors deposited roughly $138 million. Cumulative inflows reached $11.94 billion on Friday, with net assets under management averaging $14.26 billion.
XRP, on the other hand, remains buoyant, supported by steady inflows into spot ETFs. According to SoSoValue data, inflows marginally increased to $14 million on Friday, up from $12 million the previous day. Cumulative inflows reached $1.27 billion on Friday, with net assets under management averaging $1.11 billion.
Chart of the day: Bitcoin bulls tighten their grip as price rises
Bitcoin trades at $74,949, holding above the 50-day Exponential Moving Average (EMA) at $71,907 but still capped beneath the 100-day EMA at $75,278 and the distant 200-day EMA at $82,816. This configuration suggests a constructive yet constrained near-term tone, with price having reclaimed the former downward resistance trendline whose break level sits well below the spot price.
At the same time, the Relative Strength Index (RSI) is around 58 on the daily chart, while Moving Average Convergence Divergence (MACD) maintains a positive histogram. Both indicators suggest bullish momentum is present but not yet strong enough to decisively clear the immediate overhead averages.
On the topside, initial resistance lies at the 100-day EMA near $75,278, and a sustained break above this barrier would expose the more strategic 200-day EMA at $82,816 as the next upside objective. On the downside, immediate support is aligned with the daily low at $73,724 ahead of the 50-day EMA at $71,907, while deeper retracements would look toward the broken downward trendline around $64,221 as a more distant structural floor if selling pressure accelerates.
Altcoins technical outlook: Ethereum, XRP uphold modest gains
Ethereum trades at $2,296, holding above the 50-day EMA at $2,211, which lends initial trend support. Still, ETH remains capped beneath the 100-day EMA at 2,353 and the more distant 200-day EMA at 2,629, keeping the broader recovery in check. The RSI around 55 on the daily chart suggests mildly positive momentum, while the MACD histogram remains in positive territory, hinting that buyers still hold a modest edge despite the overhead moving-average cluster, which continues to weigh on the medium-term structure.
On the topside, immediate resistance is seen at the 100-day EMA near $2,353, followed by a hurdle at the 200-day EMA around $2,629, ahead of the lingering downward resistance trendline that has repeatedly capped prior rallies. On the downside, the 50-day EMA at $2,211 marks the first meaningful support. A daily close below this floor would weaken the current constructive tone and expose a deeper pullback, while holding above it would keep the door open for another attempt on the 100-day EMA.
As for XRP, the price trades at $1.41, maintaining a capped tone as it remains well below the 100-day and 200-day EMAs at $1.54 and $1.79, respectively. Price has marginally reclaimed the 50-day EMA at $1.41 as immediate support, hinting at short-term stabilization within a broader corrective phase.
The MACD histogram holds in positive territory on the daily chart, while the RSI hovers around 54, together suggesting modest bullish momentum that has yet to overcome the dominant overhead structure.
On the topside, initial resistance emerges at the 100-day EMA near $1.54, where a daily close above would be needed to ease the broader bearish pressure, with the 200-day EMA at $1.79 acting as a higher resistance barrier aligned with the longer-term downtrend line. On the downside, the first support is the reclaimed 50-day EMA at $1.41. A sustained break below this level would expose XRP to renewed selling pressure and keep the token firmly anchored within its prevailing downward bias.
Bitcoin, altcoins, stablecoins FAQs
Bitcoin is the largest cryptocurrency by market capitalization, a virtual currency designed to serve as money. This form of payment cannot be controlled by any one person, group, or entity, which eliminates the need for third-party participation during financial transactions.
Altcoins are any cryptocurrency apart from Bitcoin, but some also regard Ethereum as a non-altcoin because it is from these two cryptocurrencies that forking happens. If this is true, then Litecoin is the first altcoin, forked from the Bitcoin protocol and, therefore, an “improved” version of it.
Stablecoins are cryptocurrencies designed to have a stable price, with their value backed by a reserve of the asset it represents. To achieve this, the value of any one stablecoin is pegged to a commodity or financial instrument, such as the US Dollar (USD), with its supply regulated by an algorithm or demand. The main goal of stablecoins is to provide an on/off-ramp for investors willing to trade and invest in cryptocurrencies. Stablecoins also allow investors to store value since cryptocurrencies, in general, are subject to volatility.
Bitcoin dominance is the ratio of Bitcoin's market capitalization to the total market capitalization of all cryptocurrencies combined. It provides a clear picture of Bitcoin’s interest among investors. A high BTC dominance typically happens before and during a bull run, in which investors resort to investing in relatively stable and high market capitalization cryptocurrency like Bitcoin. A drop in BTC dominance usually means that investors are moving their capital and/or profits to altcoins in a quest for higher returns, which usually triggers an explosion of altcoin rallies.
(The technical analysis of this story was written with the help of an AI tool.)
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