Digital assets started the week with a cautious drift upward, but the move lacks strong conviction. Bitcoin is still holding the low-$60,000 area, Ethereum is trying to reclaim the upper end of its short-term range, and XRP remains pinned near parity even as ETF demand diverges across the three assets.
ETF Flows Paint a Mixed Picture
The clearest message from last week was that institutional money is no longer moving in a single direction. Bitcoin products saw fresh redemptions, Ethereum recorded a small net withdrawal that ended its recent inflow streak, and XRP was the only one of the group to continue attracting new capital.
- Bitcoin spot ETFs: $390 million in net outflows through Friday
- Ethereum spot ETFs: $2.26 million in net outflows through Friday
- XRP spot ETFs: $2.25 million in net inflows through Friday
That split suggests traders are not yet committed to a broad risk-on trade. Instead, the market looks selective, with capital rotating toward the areas that still show relative strength while backing away from the largest and most crowded positions.
Even so, the broader ETF picture remains supportive for the sector. Bitcoin continues to carry massive cumulative inflows, Ethereum’s products still hold a large positive balance over time, and XRP’s recent streak points to a niche but persistent appetite for alternative exposure.
Bitcoin Stays Supported, But the Ceiling Is Still Heavy
Bitcoin is trading around $63,416, which keeps it below the cluster of moving averages that usually guide trend followers. The market has not broken down, but it has also not done enough to shift the structure back in favour of buyers.
The main technical markers are stacked overhead:
- 50-day EMA: $64,317
- 100-day EMA: $66,393
- 200-day EMA: $72,390
When price sits beneath all three, rallies tend to face pressure quickly. The daily RSI near 46 leans slightly bearish, and the MACD remaining below zero confirms that upward momentum has not fully returned.
For traders watching the near term, the first challenge is the 50-day EMA. A push through the $64,317 to $64,850 zone would be an early sign that sellers are losing control, but a stronger trend reversal would still require follow-through above the 100-day EMA.
On the downside, support is not wide open yet. The SuperTrend line near $61,291 is the key floor to watch, and a clean break below it would increase the odds of a deeper pullback. Exchange data adds to that caution, since Santiment reported that Bitcoin balances on exchanges rose sharply to 18,000 BTC last week from 4,200 BTC the week before.
“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.
That kind of shift matters because more coins sitting on exchanges generally means more immediate supply available for sale. In other words, the market may have stabilised, but the supply backdrop still argues for caution.
Ethereum Finds Its Footing, Yet Still Needs Confirmation
Ethereum is trading near $1,894, which leaves it in a better short-term position than Bitcoin, though not yet in a convincing recovery. The token is holding above the 50-day EMA at $1,868 and above SuperTrend support around $1,769, but it has not managed to clear the 100-day EMA at $1,918.
That matters because the 100-day level is the first real test of whether this bounce has enough strength to develop into something more durable. If buyers can force a daily close above that point, the next major target becomes the 200-day EMA at $2,108.
Momentum is slightly friendlier here than it is for Bitcoin. The RSI near 53 shows neutral to mildly constructive conditions, while the MACD still sits below zero, which means the rebound remains vulnerable if broader sentiment weakens.
Ethereum’s setup is best described as stabilised but unproven. It has held the important short-term supports, yet the chart still reflects a market that has not fully repaired the damage from the earlier decline. A loss of the 50-day EMA would bring the SuperTrend support back into focus, and slipping under that floor would hand control back to sellers.
XRP Holds the Spot Light as Flows Stay Positive
XRP was the lone standout in ETF flow data, drawing $2.25 million in new inflows and extending its positive run to a fifth straight week. That is a notable contrast with the softer tone across Bitcoin and Ethereum products, even if the scale of the flows is still modest compared with the larger market leaders.
The XRP chart, however, is less encouraging than the fund data. The token trades around $1.00, sitting below its key moving averages and beneath the active SuperTrend line. The descending resistance line near $1.01 remains the immediate barrier.
Key overhead levels are stacked in a way that favours sellers for now:
- 50-day EMA: $1.08
- 100-day EMA: $1.16
- 200-day EMA: $1.35
The RSI near 37 reflects weak momentum, and the MACD staying negative reinforces the idea that the market has not yet found a convincing reversal signal. Bulls need a clean break above $1.01 before the chart can begin to improve in a meaningful way.
If that happens, the next area to watch is the SuperTrend region near $1.07, followed by the 50-day EMA at $1.08. Even then, the path higher would likely remain difficult because the 100-day EMA at $1.16 and the 200-day EMA at $1.35 would still be waiting overhead.
What Traders Should Watch Next
The broader message across the three assets is simple: the market is no longer falling in a straight line, but it is also not recovering with strength. Bitcoin needs a decisive move above nearby resistance to reset the trend. Ethereum is better positioned, yet still has to prove that its bounce can survive the next test. XRP continues to attract ETF inflows, but its price action has not caught up with the improving flow profile.
In the short run, this is a market of levels rather than narratives. The next directional move will likely depend on whether buyers can reclaim lost technical ground, or whether exchange supply and weak momentum keep the pressure on.