Bitcoin, Ethereum, and XRP all started the week with modest gains, even as United States spot exchange-traded funds faced another round of withdrawals. The price action suggests a market that is cautious, but not fully risk-averse, with traders still willing to defend key levels.
Flows Turn Softer, Yet the Bigger Picture Holds
Last week’s ETF data showed a clear shift in short-term sentiment. Bitcoin products saw the heaviest pressure, Ethereum lost a recent run of steady demand, and XRP remained the exception with another positive week.
- Bitcoin spot ETFs: $390 million in outflows through Friday
- Ethereum spot ETFs: $2.26 million in outflows through Friday
- XRP spot ETFs: $2.25 million in inflows through Friday
Even with that mixed tape, the long-view totals remain important. Bitcoin ETFs still hold cumulative net inflows of $51.79 billion, while total net assets stand at $76.61 billion. Ethereum products are also comfortably positive overall, with cumulative net inflows of $11.45 billion and assets under management of $10.52 billion.
In other words, the recent redemptions look more like a cooling-off period than a broad rejection of crypto exposure.
Bitcoin Holds the Line, but the Chart Is Still Heavy
Bitcoin is trading around $63,416, and the technical picture remains fragile while price stays below the main moving averages. The market has not broken down, but it has also not yet proved that the latest rebound has enough power to carry it much higher.
The main trend markers are stacked above spot:
- 50-day EMA: $64,317
- 100-day EMA: $66,393
- 200-day EMA: $72,390
Momentum signals lean cautious. The daily Relative Strength Index sits near 46, which points to soft demand rather than strong follow-through, and the MACD remains below zero. That combination leaves Bitcoin vulnerable unless buyers can force a close back above nearby resistance.
The first barrier sits near the 50-day EMA at $64,317, followed by the descending trendline area around $64,850. If bulls clear that cluster, the next test would be the 100-day EMA at $66,393. On the downside, the SuperTrend line near $61,291 is the most important support for now.
Exchange Balances Signal More Readily Available Supply
On-chain data is not giving buyers much comfort. Santiment reported that exchange balances rose to 18,000 BTC last week, up from 4,200 BTC the week before. That kind of jump matters because coins held on exchanges are easier to sell quickly.
“Coins on an exchange are easier to sell, so this cuts against the accumulation story. Whoever bought the panic in early August was not the dominant flow this week,” Santiment researchers said in their weekly report.
The increase does not guarantee a sell-off, but it does suggest that supply is sitting closer to the market, which can cap rallies if demand does not improve.
Ethereum Improves, but Needs a Cleaner Breakout
Ethereum is trading near $1,894 and looks steadier than Bitcoin in the short term. Price has reclaimed the 50-day EMA at $1,868 and remains above SuperTrend support near $1,769, which helps prevent a deeper slide from developing right away.
Still, the ceiling is close. The 100-day EMA near $1,918 is the first major hurdle, and the 200-day EMA at $2,108 remains far above current levels. That means the broader trend has not fully changed, even though the latest action is more constructive than it was a few weeks ago.
Momentum is mixed rather than strong. The RSI is hovering near 53, which is neutral to slightly positive, while the MACD is still negative. Ethereum therefore appears stabilised, but not yet recovered.
- Immediate resistance: $1,918
- Major upside target: $2,108
- First support: $1,868
- Deeper support: $1,769
A daily close above $1,918 would improve the case for a move toward the 200-day EMA. Failure to hold $1,868 would weaken the current tone and expose the market to a renewed bearish phase.
XRP Keeps Its Inflow Streak Alive
XRP continues to stand apart from the rest of the market. While Bitcoin and Ethereum products saw redemptions, XRP spot ETFs brought in $2.25 million in fresh inflows, marking a fifth straight week of positive flow.
That performance shows there is still selective appetite for the token, even while the broader market remains hesitant. XRP’s ETF totals are also sizeable relative to its category:
- Cumulative inflows: averaging $1.51 billion
- Net assets: $933 million
Price action, however, has not matched the flow story. XRP trades around $1.00, which is both psychologically important and technically delicate. The token is still below its key moving averages and remains trapped under a descending resistance line.
Overhead resistance comes in layers:
- 50-day EMA: $1.08
- 100-day EMA: $1.16
- 200-day EMA: $1.35
Momentum is weak, with the RSI near 37 and the MACD still negative. A clean move above $1.01 would be the first sign of traction, while failure to reclaim that zone keeps the market exposed to another test of parity.
What Traders Should Watch Next
The near-term setup is more about confirmation than excitement. Bitcoin needs to reclaim its overhead moving averages before the market can talk about a stronger rebound. Ethereum has improved, but it still must prove that the move above short-term support is sustainable. XRP has the strongest ETF flow story of the three, yet its chart remains the most constrained.
For now, the message is fairly simple: the market is stabilising, but conviction is still thin. If flows stay mixed and resistance keeps holding, price gains may remain measured rather than explosive.
