Bitcoin, Ethereum, XRP retreat despite net ETF inflows: Crypto today

• $528 million in ETF inflows proves insufficient to absorb selling pressure. Bitcoin retreats towards the $80,000-$82,000 support band.
• $2,400 comes into view for Ethereum as renewed selling threatens to dictate the trend, despite a return to ETF inflows.
• The 100-day EMA gives way for XRP as sellers regain momentum, eyeing lows beneath $1.30.

$82,000 is Bitcoin’s (BTC) approximate trading level on Thursday. The cryptocurrency is leading a wider market correction after an early-week recovery attempt stalled. Having tested support near $80,000, BTC failed to clear the $84,000 barrier, with buyer fatigue prompting the current retreat.

Near $2,400, Ethereum (ETH) is also losing ground, reflecting Bitcoin’s weaker outlook. Ripple’s (XRP) retreat towards $1.30 further underscores the fragile technical backdrop and increases the likelihood of prolonged selling.

ETF inflows return despite persistent headwinds

Wednesday brought approximately $528 million into Bitcoin spot Exchange-Traded Funds (ETFs), compared with $23 million on Tuesday. This week’s uptake signals sustained demand for digital asset investment products despite market volatility. Cumulative inflows reached $1 billion through Wednesday, providing some protection against selling pressure.

A modest $15 million inflow into Ethereum spot ETFs on Wednesday ended five consecutive days of outflows. The preceding sessions had recorded withdrawals of $26 million on Tuesday and $105 million on Monday. SoSoValue puts outflows across October at approximately $1 billion.

For XRP spot ETFs, approximately $709,000 flowed in on Wednesday after two consecutive days of subdued activity. Volatility continues to unsettle the market, with quiet trading, withdrawals and modest inflows defining activity. Sustained inflows over the coming weeks could alleviate wider selling pressure and give XRP room to consolidate before attempting another recovery.

$82,000 in focus: Bitcoin technicals face mounting selling pressure

Near $82,000, Bitcoin is trading lower as resistance builds across the broader cryptocurrency market. Even so, BTC retains a constructive bullish bias through the correction. It remains comfortably above key Exponential Moving Averages, with additional dynamic support from the SuperTrend line at approximately $79,664.

Momentum indicators tell a softer story. The Relative Strength Index (RSI) is close to 48, while the Moving Average Convergence Divergence (MACD) remains below zero. Together, they indicate fading upward momentum, although the broader price structure still has support.

Around $80,863, the 50-day EMA provides the first support level. A daily close beneath it would bring the SuperTrend area near $79,664 into focus as the next demand zone. Further losses could put the 100-day EMA at approximately $77,453 in view, followed by the longer-term 200-day EMA near $76,163. Buyers would be expected to defend the broader bullish structure there. While BTC stays above this cluster of moving averages, declines are likely to be viewed as corrections within the established uptrend.

$2,400 in view: Ethereum and XRP technicals favour sellers

Towards $2,400, Ethereum is drifting lower between its main moving averages, leaving the short-term outlook neutral to mildly bearish. Medium-term support remains evident: ETH is above the 100-day and 200-day EMAs at approximately $2,365 and $2,318. However, the 50-day EMA near $2,479 and the SuperTrend line around $2,676 continue to limit the upside.

Buying interest looks weak, with the RSI close to 40. The MACD remains negative but shows only a shallow bearish profile, indicating that downward momentum may be easing rather than signalling a decisive bullish reversal.

Around $2,479, the 50-day EMA marks the first resistance level. A firmer obstacle sits at the SuperTrend line near $2,676, where a rebound would likely attract renewed selling. Immediate downside support lies at the 100-day EMA around $2,364, ahead of the 200-day EMA near $2,318. Closing below this zone on a daily basis would strengthen the bearish outlook and leave scope for a deeper correction. Holding above it, by contrast, would keep ETH consolidating within its broader uptrend.

Around $1.33, XRP remains below its major moving averages, leaving the near-term bias bearish. The closest overhead barrier is the 100-day EMA at $1.34. Above it, the 50-day EMA at $1.37 and the 200-day EMA at $1.38 reinforce resistance. All three align with the wider descending trendline structure, indicating that rallies remain exposed to selling.

With the RSI near 43 and the MACD still slightly below zero, momentum remains muted. Recovery attempts may therefore struggle for traction while XRP stays beneath this moving-average cluster.

At around $1.34, the 100-day EMA forms the first upside barrier. The next, denser supply zone spans the 50-day EMA at approximately $1.37 and the 200-day EMA near $1.38, with the broader downtrend line likely to reinforce selling pressure. Further up, the SuperTrend indicator at $1.47 defines a more distant bearish trigger zone. XRP would need to regain that level to support the case for a lasting move away from its current downward bias.

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