Crypto Today: Bitcoin, Ethereum, XRP hold bullish outlook amid improving ETF inflows
- Bitcoin’s breakout strengthens, rising above $83,000, supported by $433 million in ETF inflows.
- Ethereum extends its gains for the sixth consecutive day, building on stronger momentum indicators.
- XRP recovery gains momentum near $1.50 despite very mild spot ETF outflows.
Cryptocurrencies are broadly rising on Monday, led by Bitcoin’s (BTC) surge to $85,000. Altcoins are following BTC’s bullish trend, with Ethereum (ETH) trading above $2,700 and Ripple (XRP) holding steady at $1.47.
Bitcoin and Ethereum ETFs see fresh inflows as crypto rally accelerates
Bitcoin continues to attract inflows into spot Exchange-Traded Funds (ETFs), strengthening the bullish outlook. According to SoSoValue data, inflows increased to $433 million last Friday, up from $159 million the day before. Meanwhile, cumulative inflows stand at roughly $55 billion, while total assets under management average $102 billion.
Ethereum spot ETFs saw fresh inflows of $144 million on Friday, breaking a three-day bearish streak. Cumulative inflows stand at approximately $13 billion, with assets under management averaging $17 billion.
As for XRP spot ETFs, mild outflows continued on Friday, totaling $44,000, suggesting reduced institutional interest. Despite the mild outflows, cumulative inflows remain positive at $1.7 billion, while total assets under management hold at $1.5 billion.
Technical analysis: Bitcoin bulls tighten grip
Bitcoin edges higher near $84,000, extending a bullish bias as price holds well above the key Exponential Moving Averages (EMAs) and the prevailing SuperTrend line. The 50-day EMA, 100-day EMA and 200-day EMA fan out below spot and suggest a firmly supported uptrend, while the SuperTrend at $75,608 reinforces the underlying bullish structure.
Momentum aligns with this stance, with the Relative Strength Index (RSI) near 70, just shy of overbought territory, and the Moving Average Convergence Divergence (MACD) stays in positive territory, hinting that upside pressure remains dominant despite the risk of short-term consolidation.
On the downside, immediate support emerges from a cluster formed by the SuperTrend and the 50-day EMA around the mid‑$70,000s, followed by the 200-day EMA near $73,489 and the 100-day EMA around $72,289, where dip-buying interest could reappear if price pulls back. As long as BTC holds above these EMA layers and the SuperTrend floor, the broader technical picture favors further gains, with any corrective moves likely to be treated as pauses within the prevailing uptrend rather than a full-fledged reversal.
Altcoins technical analysis: Ethereum and XRP extend rallies
Ethereum trades at $2,702, maintaining a clear bullish bias as it holds well above the 50-day, 100-day and 200-day EMAs. The 50-day EMA at $2,337 leads the support stack above the 100-day EMA at $2,199 and the 200-day EMA at $2,218, while the SuperTrend line at $2,380 reinforces the underlying uptrend.
Momentum remains constructive, with the RSI near 69 and the MACD turning positive, suggesting persistent buying pressure even as conditions edge toward overbought.
On the downside, initial support is at the SuperTrend line around $2,380, backed by the 50-day EMA near $2,337, where buyers could defend the broader advance. A deeper pullback would expose the confluence of the 200-day EMA around $2,218 and the 100-day EMA near $2,200, levels that should act as a medium-term demand zone as long as price holds above them and keeps the broader bullish structure intact.
XRP holds well above the 50-day, 100-day, and 200-day EMAs at roughly $1.30, $1.27, and $1.36, respectively, along with SuperTrend support near $1.25, which together suggest a constructive bullish bias as price consolidates after its recent advance.
Momentum indicators support this view, with the RSI hovering around 62 in positive territory and the MACD line marginally above zero, suggesting upside pressure remains intact even as the immediate pace of gains moderates.
On the downside, initial support emerges near the $1.36-$1.35 region, where the 200-day EMA aligns with recent structure, followed by the 50-day EMA around $1.30 and the 100-day EMA near $1.27, with the SuperTrend baseline near $1.25 acting as a deeper bullish line in the sand.
As long as XRP holds above these clustered supports, dips are likely to be viewed as corrective rather than a trend change, leaving the broader focus on potential continuation higher once consolidation above the current zone resolves.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Crypto ETF FAQs
An Exchange-Traded Fund (ETF) is an investment vehicle or an index that tracks the price of an underlying asset. ETFs can not only track a single asset, but a group of assets and sectors. For example, a Bitcoin ETF tracks Bitcoin’s price. ETF is a tool used by investors to gain exposure to a certain asset.
Yes. The first Bitcoin futures ETF in the US was approved by the US Securities & Exchange Commission in October 2021. A total of seven Bitcoin futures ETFs have been approved, with more than 20 still waiting for the regulator’s permission. The SEC says that the cryptocurrency industry is new and subject to manipulation, which is why it has been delaying crypto-related futures ETFs for the last few years.
Yes. The SEC approved in January 2024 the listing and trading of several Bitcoin spot Exchange-Traded Funds, opening the door to institutional capital and mainstream investors to trade the main crypto currency. The decision was hailed by the industry as a game changer.
The main advantage of crypto ETFs is the possibility of gaining exposure to a cryptocurrency without ownership, reducing the risk and cost of holding the asset. Other pros are a lower learning curve and higher security for investors since ETFs take charge of securing the underlying asset holdings. As for the main drawbacks, the main one is that as an investor you can’t have direct ownership of the asset, or, as they say in crypto, “not your keys, not your coins.” Other disadvantages are higher costs associated with holding crypto since ETFs charge fees for active management. Finally, even though investing in ETFs reduces the risk of holding an asset, price swings in the underlying cryptocurrency are likely to be reflected in the investment vehicle too.
Nothing in this material constitutes investment advice, personal recommendation, investment research, an offer, or a solicitation to buy or sell any financial instrument. The content has been prepared without consideration of your individual investment objectives, financial situation, or needs, and should not be treated as such.
Past performance is not a reliable indicator of future performance and/or results. Forward-looking scenarios or forecasts are not a guarantee of future performance. Actual results may differ materially from those anticipated.
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