Crypto Today: Capital outflows weigh on Bitcoin, Ethereum and XRP

• $399 million in spot ETF outflows weighs on Bitcoin. The cryptocurrency declines to six-week lows.
• Above $2,200 support, Ethereum remains rangebound, with major moving averages structurally limiting gains.
• Around $1.25, XRP buyers and sellers remain locked in a battle as ETFs register modest outflows.

$76,566 is Bitcoin’s (BTC) price on Tuesday as it declines towards six-week lows. Since last week’s historic $6.3 billion Binance hack, the Crypto King has largely followed a sideways path of least resistance. Subdued risk appetite and capital outflows are linked to the continuing lack of momentum.

Pressure also persists on Ethereum (ETH), which is consolidating in a tight support range bounded by approximately $2,200 and $2,300. Ripple (XRP), meanwhile, sits just above $1.25 as structural technical barriers weigh on the price.

In an analysis report sent by email, Crypto Finance said: “The Binance hack continues to dominate the discussion. All things considered, the fact that the situation remains contained is remarkable given the reported scale of the incident,” adding, “It is arguably the type of event that very few parties could have absorbed.”

$399 million in Bitcoin ETF outflows as institutional demand cools

Monday brought $399 million in outflows from Bitcoin spot Exchange-Traded Funds (ETFs), following $643 million in withdrawals last Friday and prolonging the bearish run. Investors continue to reposition after the Binance hack unsettled the wider crypto market, leaving digital asset investment products out of favour. SoSoValue data show cumulative inflows still total $56.6 billion despite the recent withdrawals, while total assets under management average $98.1 billion.

With another $140 million withdrawn on Monday, Ethereum spot ETFs maintained their bearish run and cumulative inflows fell to $12.1 billion. Total assets under management, meanwhile, dropped to $13.18 billion from last Friday’s $13.22 billion.

For US-listed XRP ETFs, Monday marked a second consecutive session of modest withdrawals: $530,000, following $497,000 last Friday. Net assets under management stand at $1.4 billion and cumulative inflows remain positive at $1.8 billion. These figures suggest investors retain a strong long-term outlook for the underlying asset.

$76,566: Bitcoin technical outlook weakens as selling pressure builds

At $76,566, Bitcoin is testing the 200-day Exponential Moving Average (EMA). Its position below the 100-day EMA at $77,776 leaves the near-term bias bearish, with the higher 50-day EMA at $80,099 adding to overhead supply. Momentum indicators offer little relief: the Moving Average Convergence Divergence (MACD) remains weak in negative territory, while a Relative Strength Index (RSI) reading around 34 points to persistent downside pressure rather than a decisive rebound from oversold levels.

The 100-day EMA near $77,776 presents the first resistance hurdle, followed by the more substantial 50-day EMA barrier around $80,099. Immediate downside support sits at the 200-day EMA, at $76,550. Easing the bearish bias would require a daily close above the 100-day EMA. Conversely, a sustained return below the 200-day EMA would clear the way for another retracement.

$2,257: Ethereum technical outlook holds at lower support

Having fallen beneath all its key moving averages, Ethereum remains in a bearish phase at $2,257. The closest overhead hurdle is the 200-day EMA at $2,307. Beyond that sit the former rising trendline break level at $2,341 and the 100-day EMA at $2,351, a combination suggesting rebounds are likely to encounter supply.

Broader upside resistance is reinforced by the 50-day EMA at $2,410 and the SuperTrend line at $2,475. An RSI reading of 33 signals weak momentum just above oversold territory. Although the MACD histogram remains negative, it is contracting, suggesting the decline is slowing rather than reversing.

To the upside, Ethereum first faces the 200-day EMA around $2,307, then the broken rising trendline near $2,341 and the 100-day EMA around $2,351. Higher resistance comes from the 50-day EMA near $2,410, ahead of a stronger supply zone at the SuperTrend line around $2,475. Should the price stage a deeper corrective rebound, sellers could regain control there. The supplied dataset identifies no nearby downside support, leaving ETH exposed to additional losses. Traders may therefore wait for price action to establish new horizontal floors before anticipating a more sustained recovery.

Crypto Finance also noted: "BTC is now firmly trading below its 50-day EMA and is testing the key $76,400 area. The area at $78,800 is the first meaningful resistance, while a break lower would bring $73,700 into focus as the next support,"

$1.25: XRP technical outlook retains pronounced bearish bias

Trading above $1.25, XRP continues to retreat below a concentrated cluster of moving average and trendline resistance. The pair is clearly beneath the 50-day EMA at $1.34, the 100-day EMA at $1.32 and the 200-day EMA at $1.36. Together, these levels suggest the broader bias has shifted to bearish, while the broken downward resistance trendline at $1.29 continues to cap the price.

At $1.39, the SuperTrend indicator remains well above spot, underscoring sustained selling pressure. The RSI, near 37, likewise signals subdued momentum without indicating outright oversold conditions.

The former trendline break zone around $1.29 is the first resistance hurdle. Next come the 100-day EMA at $1.32 and the 50-day EMA at $1.34. Higher up, the 200-day EMA at $1.36 and the SuperTrend line at $1.39 form a broader supply zone; a decisive recovery above it would be required to moderate the bearish tone. The daily chart identifies no clear technical support below the current price. Further losses would therefore leave the pair searching for fresh demand zones on lower timeframes or at earlier swing lows not shown here.

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