Crypto Today: Why are Bitcoin, Ethereum and XRP falling despite net ETF inflows?

• Selling pressure pushes Bitcoin towards the $80,000-$82,000 support band, outweighing substantial ETF inflows of $528 million.
• Renewed selling weighs on Ethereum as it approaches $2,400, with bears seeking control of the trend despite a revival in ETF inflows.
• Returning bears push XRP beneath the 100-day EMA, setting their sights on lows below $1.30.

A broader cryptocurrency correction is being led by Bitcoin (BTC), which is trading around $82,000 on Thursday. Buyers are showing signs of exhaustion after efforts earlier in the week to extend a recovery from support near $80,000 stalled at the $84,000 barrier, setting off the current retreat.

Weakness extends to Ethereum (ETH), which is approaching $2,400 as Bitcoin’s outlook deteriorates. Ripple’s (XRP) retreat towards $1.30 also underlines the broadly fragile technical picture, increasing the likelihood that the sell-off will continue.

Can ETF inflows offset the continuing headwinds?

Selling pressure is finding some counterweight in sustained demand for digital asset investment products despite volatile trading. This week’s subscriptions to Bitcoin spot Exchange-Traded Funds (ETFs) illustrate that appetite: Wednesday attracted approximately $528 million, compared with $23 million on Tuesday. Total inflows for the week through Wednesday have reached $1 billion, providing a cushion against selling.

A modest return to inflows was also recorded by Ethereum spot ETFs, which attracted $15 million on Wednesday and ended a five-day run of outflows. The preceding day saw withdrawals of $26 million, following $105 million on Monday. SoSoValue data puts October’s outflows at roughly $1 billion.

For XRP spot ETFs, subdued activity, withdrawals and small inflows continue to characterise a volatile market. After two consecutive days of muted activity, Wednesday brought approximately $709,000 in inflows. Sustained inflows over the coming weeks could relieve wider selling pressure and give XRP room to consolidate before making another attempt at recovery.

Technical analysis: Can Bitcoin withstand mounting selling pressure?

With overhead pressure building across the wider crypto market, Bitcoin has moved lower towards $82,000. Its bullish technical bias nevertheless remains constructive despite the correction: BTC is comfortably above key Exponential Moving Averages, and the SuperTrend line around $79,664 provides additional dynamic support.

Momentum indicators, however, point to a loss of strength in upward moves. The Relative Strength Index (RSI) is around 48 and the Moving Average Convergence Divergence (MACD) remains below zero, signalling cooling momentum even though the broader technical structure retains support.

The first support level lies around $80,863 at the 50-day EMA. Should Bitcoin close below it on a daily basis, the SuperTrend area near $79,664 would become the next demand zone in focus. Further losses could bring the 100-day EMA around $77,453 into view, followed by the longer-term 200-day EMA near $76,163, where buyers would be expected to protect the wider bullish structure. While prices remain above this cluster of moving averages, declines are likely to be viewed as corrections within the established uptrend.

Altcoin technical outlook: Can Ethereum and XRP bears maintain control?

A neutral to mildly bearish near-term bias persists for Ethereum as it drifts towards $2,400 between its key moving averages. Medium-term support is indicated by the price holding above the 100-day EMA around $2,365 and the 200-day EMA around $2,318. On the upside, however, the 50-day EMA near $2,479 and the SuperTrend line around $2,676 continue to limit gains.

Buying interest remains weak, as reflected in an RSI around 40. Although the MACD is still negative, its mildly bearish profile suggests that downward momentum is fading rather than signalling a decisive bullish reversal.

Any rebound would first face the 50-day EMA around $2,479, before encountering a stronger obstacle at the SuperTrend line near $2,676, where sellers would be likely to return. Immediate downside support lies at the 100-day EMA around $2,364, with the 200-day EMA near $2,318 next in line. Holding above this area would leave ETH consolidating within its broader uptrend structure. Conversely, a daily close below it would strengthen the bearish bias and create scope for a deeper correction.

For XRP, trading around $1.33 beneath the major moving averages keeps the near-term outlook bearish. The closest overhead barrier is the 100-day EMA at $1.34, followed by the 50-day EMA at $1.37 and the 200-day EMA at $1.38. Their alignment with the broader descending trendline structure indicates that rallies remain susceptible to selling.

Recovery attempts may find little traction while XRP remains below this moving-average cluster. Momentum is muted, with the RSI around 43 and the MACD still slightly below zero.

An upward move would initially meet resistance at the 100-day EMA around $1.34. Beyond that sits a denser supply zone, bounded by the 50-day EMA around $1.37 and the 200-day EMA near $1.38, where the broader descending trendline is likely to exert additional pressure. Further away, the SuperTrend indicator at $1.47 defines a bearish trigger zone. Reclaiming that level would be necessary to support the case for a lasting shift away from the prevailing downward bias.

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