Bitcoin, Ethereum, and XRP began the week with modest gains, but the deeper story was mixed fund behaviour across the market. Bitcoin hovered above a key support zone, Ethereum tried to rebuild momentum near short-term trend levels, and XRP kept its footing around parity even as ETF flows told a more complicated story.
Mixed ETF Flows Shape the Early Week Tone
United States spot Bitcoin ETFs recorded renewed outflows last week, signalling a softer appetite from short-term allocators. The group lost $390 million through Friday, a notable reversal after earlier strength and a sign that traders are becoming more selective.
Even so, the broader backdrop remains constructive. Long-term positioning has not disappeared, and the numbers still point to a market that has absorbed significant institutional demand over time.
- Cumulative net inflows: $51.79 billion
- Total net assets: $76.61 billion
Ethereum ETFs also cooled, ending a five-week run of inflows with a small weekly outflow of $2.26 million. The amount is limited, but it matters because it interrupts a clear stretch of steady interest in ETH-linked products.
- Cumulative net inflows: $11.45 billion
- Net assets under management: $10.52 billion
XRP moved in the opposite direction. Its spot ETFs attracted $2.25 million in fresh inflows, marking a fifth straight week of gains and showing that some buyers are still willing to step into smaller, more speculative corners of the market.
- Cumulative inflows: averaging $1.51 billion
- Net assets: $933 million
ETF flow data source: SoSoValue.
Bitcoin Stays Supported, but Buyers Need More Conviction
Bitcoin traded near $63,416, which leaves it above immediate panic levels but still under clear technical pressure. Price remains below its main exponential moving averages, and that keeps the near-term structure tilted to the downside.
The moving average layout is still unfriendly for bulls:
- 50-day EMA: $64,317
- 100-day EMA: $66,393
- 200-day EMA: $72,390
Momentum indicators echo that caution. The Relative Strength Index sits near 46, which suggests a slightly weak tone without signalling full exhaustion. The MACD remains below zero, reinforcing the idea that the latest bounce has not yet developed into a stronger trend reversal.
For traders, the first hurdle is the zone between the 50-day EMA and the descending trendline near $64,850. A daily close above that band would improve the short-term picture and show that buyers are willing to absorb supply.
Support is easier to define than resistance. The SuperTrend line near $61,291 is the first major floor, and losing it would likely invite a deeper pullback.
Exchange Balances Point to More Available Supply
On-chain data from Santiment adds another cautious note. Exchange balances rose to 18,000 BTC last week, up sharply from 4,200 BTC the week before, which usually suggests more coins are ready to be sold.
“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 increase does not guarantee immediate selling, but it does imply a looser supply setup than the market had earlier in the month.
Ethereum Holds Above Support, Yet Still Needs a Breakout
Ethereum traded at $1,894 and looked steadier than XRP, though not fully repaired. The token is above its 50-day EMA at $1,868 and above the SuperTrend line near $1,769, which gives it a base to work from.
The challenge is overhead resistance. ETH still sits below the 100-day EMA at $1,918, and it remains far from the 200-day EMA at $2,108. That means the market has stabilised, but it has not yet recovered the larger downtrend that caused the previous decline.
Momentum remains mixed rather than bullish. The RSI near 53 is mildly constructive, while the negative MACD suggests upside energy is still limited. Bulls will likely need a close above $1,918 before the market starts treating $2,108 as a realistic target again.
If Ethereum loses the 50-day EMA, the next area to watch is the SuperTrend line. A break below that level would weaken the recovery case and bring the wider bearish structure back into focus.
XRP Keeps the $1.00 Line in Play
XRP traded at $1.00 and continued to look technically fragile, even though ETF flows have been supportive. Price remains below its key moving averages and below the active SuperTrend line, which leaves the market vulnerable to renewed pressure.
The resistance stack above spot is clear:
- 50-day EMA: $1.08
- 100-day EMA: $1.16
- 200-day EMA: $1.35
The Relative Strength Index near 37 signals weak momentum, and the MACD is still negative. In plain terms, XRP has not yet built enough strength to turn a neutral base into a convincing recovery.
A move through $1.01 would be the first sign that bulls are regaining control. From there, the market would need to push through $1.07 and $1.08 before a more credible rebound could develop. If that attempt fails, the $1.00 area stays exposed and the market risks slipping back into a lower range.
What Traders Should Watch Next
The market is showing stability, but not a clean shift in direction. Bitcoin is trying to hold a crucial support area while exchange balances hint at more supply. Ethereum is better positioned technically, though it still needs a clear close above resistance. XRP stands apart because its ETF flows are improving even while its chart remains under pressure.
For now, the clearest takeaway is that confidence is uneven. Buyers are present, but they are not yet forceful enough to reset the trend across the sector.
