Crypto Today: Bitcoin, Ethereum, XRP edge lower despite Middle East tensions easing

• Bitcoin remains under pressure below $63,000, declining for the second consecutive day as Israel and Iran agree to halt strikes.
• Ethereum hovers below the $1,700 resistance level, in line with the prevailing risk-off sentiment.
• XRP recovery stalls below $1.20, weighed down by a stifled technical structure.

Cryptocurrency prices trade amid persistent selling pressure on Tuesday. Bitcoin (BTC) hovers near $63,000, Ethereum (ETH) above $1,650, and Ripple (XRP) around $1.14, reflecting a subdued appetite for risk assets even as geopolitical tensions in the Middle East appeared to ease after Israel and Iran agreed to halt strikes.

Israel and Iran pause attacks as Trump eyes imminent peace deal

Israel and Iran said on Monday that they had halted military operations, following a heated exchange of fire that tested the fragile ceasefire signed between the United States (US) and Tehran in early April.

However, Iranian military leaders cautioned that any renewed Israeli offensive, particularly in southern Lebanon, could trigger an escalated response.

US President Donald Trump signaled on Tuesday that a new proposal regarding the Iran agreement could be unveiled within days, according to Reuters. Meanwhile, Israeli Prime Minister Benjamin Netanyahu reiterated earlier this week that military operations against Iran and Hezbollah are ongoing, although he emphasized that both adversaries have been significantly weakened.

Markets remain alert to potential volatility from further developments, as reflected in the crypto Fear & Greed Index, holding at 10 in the Extreme Fear territory on Tuesday, up from 8 the day before.

A steady increase in the appetite for risk assets is required to sustain the recovery, with Bitcoin eyeing a comeback above $70,000, Ethereum beyond $ 2,000, and XRP above $2.00.

Price analysis: Bitcoin bears tighten grip as recovery stalls

Bitcoin trades at $62,945, extending a decisive bearish phase after breaking below the former rising trendline that now caps the market near $71,830. The pair sits well under the 50-day, 100-day and 200-day Exponential Moving Averages (EMAs), which cluster between roughly $72,500 and $79,500 and reinforce a dominant downside bias.

Momentum remains heavy, with the Relative Strength Index (RSI) hovering around 26 on the daily chart and the Money Flow Index (MFI) around 19, both in oversold territory. At the same time, the Moving Average Convergence Divergence (MACD) histogram holds in negative territory on the same chart, suggesting persistent selling pressure despite the risk of short-term relief bounces.

On the topside, initial resistance lies at the broken rising support line around $71,830, where any rebound would likely face its first vital test. A sustained move above that area would then bring the 50-day EMA near $72,513 into view, followed by the 100-day EMA around $74,512 and the more distant 200-day EMA close to $79,498, which collectively define a broader supply zone that would need to be reclaimed to ease the current bearish structure.

Altcoins technical outlook: Ethereum and XRP struggle as headwinds persist

Ethereum trades at $1,676, keeping a clear bearish near-term bias as price holds well below the 50-day, 100-day and 200-day EMAs clustered around $2,058, $2,189 and $2,430 respectively.

Momentum remains weak, with the RSI hovering near oversold territory around 27 on the daily chart, while the MACD histogram stays in negative ground with its line below the signal and a persistently negative histogram, which together suggest that downside pressure is still dominant despite stretched conditions.

On the topside, initial resistance emerges at the 50-day EMA near $2,058, followed by the 100-day EMA around $2,189 and the longer-term 200-day EMA close to $2,430, which together outline a dense supply zone that would need to be reclaimed to ease the broader bearish tone. On the downside, psychological handles at $1,600 and $1,500 are the next potential areas where dip-buying interest might attempt to stabilize price.

XRP, on the other hand, trades at around $1.16, holding under clear downside pressure. The spot price is well below the 50-day EMA at $1.32, the 100-day EMA at $1.41 and the 200-day EMA at $1.62, which collectively cap the upside and reinforce a bearish near-term bias.

The RSI hovers just above oversold territory near 34 on the daily chart, while the MACD histogram in negative territory, both suggesting that while downside momentum is still dominant, selling pressure could start to lose intensity on further declines.

On the topside, initial resistance is aligned with the 50-day EMA at $1.32, with further barriers at the 100-day EMA at $1.41 and the 200-day EMA at $1.62, where any recovery is likely to struggle unless buyers can sustain a break above these moving averages. In the absence of nearby technical support levels on the daily chart, traders may look to prior price lows for potential demand zones at $1.05 and $1.00. Still, as long as XRP trades beneath the clustered EMAs, rallies are likely to be sold into rather than extended.

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