Crypto Today: How are investor capital outflows weighing on Bitcoin, Ethereum, XRP?

• Selling pressure takes Bitcoin to six-week lows as spot ETFs register $399 million in outflows.
• Major moving averages continue to constrain Ethereum's upside as it moves sideways above support at $2,200.
• Neither XRP bulls nor bears gain control around $1.25 as ETFs record modest outflows.

Subdued risk appetite and capital withdrawals continue to weigh on Bitcoin (BTC), which is trading lower at $76,566 on Tuesday and testing six-week lows. Since last week's historic $6.3 billion Binance hack, the Crypto King's path of least resistance has largely been sideways, with the prevailing weakness linked to these pressures.

Pressure also persists on Ethereum (ETH), which, like Bitcoin, is consolidating in a tight support range bounded by roughly $2,200 at the lower end and $2,300 at the upper end. Structural technical barriers are also weighing on Ripple (XRP), leaving it just above $1.25.

In an emailed analysis report, 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,” and added, “It is arguably the type of event that very few parties could have absorbed."

Why are ETF outflows continuing as institutional demand cools?

Investors are adjusting their positions after the Binance hack unsettled the wider crypto market, keeping demand for digital asset investment products subdued. Monday brought $399 million in withdrawals from Bitcoin spot Exchange-Traded Funds (ETFs), prolonging the negative trend seen last Friday, when outflows reached $643 million. SoSoValue data show that, despite the latest withdrawals, cumulative inflows remain at $56.6 billion and total assets under management average $98.1 billion.

With another $140 million withdrawn on Monday, Ethereum spot ETFs continued their negative run, reducing cumulative inflows to $12.1 billion. Total assets under management, meanwhile, fell to $13.18 billion from the $13.22 billion recorded last Friday.

Modest withdrawals from US-listed XRP ETFs continued for a second consecutive day, reaching $530,000 on Monday after $497,000 last Friday. However, cumulative inflows are still positive at $1.8 billion and net assets under management stand at $1.4 billion, indicating that investors retain a strong long-term outlook for the underlying asset.

Technical analysis: Can Bitcoin stabilise as selling pressure builds?

A bearish near-term bias persists for Bitcoin as it trades at $76,566, close to its 200-day Exponential Moving Average (EMA) but below the 100-day EMA at $77,776. Additional overhead supply comes from the higher 50-day EMA at $80,099. Momentum indicators also point to continued downside pressure rather than a decisive oversold rebound: the Moving Average Convergence Divergence (MACD) remains weak in negative territory, while the Relative Strength Index (RSI) is near 34.

Before Bitcoin can challenge the stronger 50-day EMA barrier near $80,099, it faces initial resistance at the 100-day EMA around $77,776. Immediate downside support rests 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 a further pullback.

Ethereum technical analysis: Can ETH defend its lower support?

Having dropped beneath all key moving averages, Ethereum remains in a bearish phase at $2,257. The closest upside hurdle is its 200-day EMA at $2,307, followed by the former rising trendline's break level at $2,341 and the 100-day EMA at $2,351. Together, these barriers indicate that rebounds are likely to encounter selling.

Broader upside pressure is reinforced by the 50-day EMA at $2,410 and the SuperTrend line at $2,475. At 33, the Relative Strength Index (RSI) signals weak momentum just above oversold territory. Although the MACD histogram remains negative, it is contracting, suggesting that the decline is losing pace rather than reversing.

Ethereum first faces the 200-day EMA near $2,307, before resistance at the broken rising trendline around $2,341 and the 100-day EMA near $2,351. Beyond these, the 50-day EMA around $2,410 stands ahead of a stronger supply zone at the SuperTrend line near $2,475. Sellers could regain control there if the price stages a larger corrective rebound. On the downside, no nearby support levels are mapped in the supplied dataset, leaving ETH exposed to additional losses. Traders may therefore wait for price action to establish fresh horizontal support before anticipating a more lasting 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,"

Technical analysis: Why does XRP retain a stronger bearish bias?

Trading above $1.25, XRP continues to retreat below a tightly packed cluster of moving-average and trendline resistance. A broader bearish bias is suggested by its clear position beneath the 50-day EMA at $1.34, the 100-day EMA at $1.32 and the 200-day EMA at $1.36. The price also remains constrained by the broken downward resistance trendline at $1.29.

Sustained selling pressure is reinforced by the SuperTrend indicator at $1.39, which remains well above the spot price. The RSI around 37 likewise indicates weak momentum, though conditions are not yet outright oversold.

XRP's first upside obstacle is the former trendline break zone near $1.29, ahead of the 100-day EMA at $1.32 and the 50-day EMA at $1.34. Higher still, the 200-day EMA at $1.36 and the SuperTrend line at $1.39 mark a wider supply zone. A decisive move back above that zone would be necessary to temper the prevailing bearish bias. As the daily chart identifies no clear technical support below the current price, further losses would leave the pair searching for fresh demand zones on shorter time frames 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.)