Crypto Today: Bitcoin, Ethereum, XRP extend gains as ETFs inflows and improved sentiment boost outlook

• Bitcoin eyes successive breakouts above $70,000 as sentiment and capital inflows improve.
• Ethereum bulls tighten their grip, pushing the breakout above $2,200.
• XRP gains more than 4% on Thursday, supported by a bullish SuperTrend indicator and a MACD buy signal.

Cryptocurrency prices are extending gains on Thursday, led by Bitcoin’s (BTC) climb above $70,000. Ethereum (ETH) remains bullish, trading above $2,200, while Ripple (XRP) has recovered above $1.15 as bulls tighten their grip.

Crypto ETFs see inflows as sentiment improves

The crypto market sentiment is ticking up, holding at 62 in the Greed territory Thursday, as reflected in the Fear & Greed Index. This marks a major improvement, as it stood at 46 the day before and now holds levels last seen in January. Continued improvement in the index could boost interest in risk assets, and raises the chances of an extended recovery.

Bitcoin spot Exchange-Traded Funds (ETFs) have extended their inflow streak, attracting roughly $517 million in deposits on Wednesday. This marks the highest inflows since June 2, underscoring the sudden spike in risk-on sentiment. Meanwhile, cumulative inflows now stand at $54.79 billion, rising from $84.31 billion the previous day.

Ethereum spot ETF inflows remained positive on Wednesday, attracting $189 million in inflows following $31 million on Monday and $71 million on Tuesday. Cumulative inflows average $11.74 million, with net assets at $12.06 billion, according to SoSoValue data.

Similarly, XRP spot ETFs recorded inflows totaling $2.35 million on Wednesday, down from $5.81 million the previous day. Despite the decline, cumulative inflows hold steady at $1.52 billion, with net assets averaging $1.01 billion.

Technical analysis: Bitcoin extends recovery

Bitcoin trades at $71,260, maintaining a bullish near-term bias as price holds above the 50-day and 100-day Exponential Moving Averages (EMAs) at $64,832 and $66,560 and the SuperTrend support at $65,014. However, the pair is approaching a key structural cap at the 200-day EMA around $72,203, while the Relative Strength Index (RSI) at 77 signals overbought conditions and the Moving Average Convergence Divergence (MACD) shows a strong positive reading, hinting at robust but potentially stretched upside momentum.

Immediate resistance lies at the 200-day EMA near $72,203, the next hurdle for bulls and a potential trigger for consolidation if it holds. On the downside, initial demand is seen at the 100-day EMA at $66,560, followed by the SuperTrend line at $65,014 and deeper support at the 50-day EMA around $64,832 and the rising trend-line floor near $63,058, where a pullback could find a more durable base if overbought pressures unwind.

Altcoins technical outlook: Ethereum and XRP gain momentum

Ethereum trades at $2,269, extending its break higher above a downward resistance trendline while remaining well supported by a dense stack of moving averages. The spot price holds decisively above the 50-day EMA at $1,900, the 100-day EMA at $1,933 and the 200-day EMA at $2,112, which together suggest a firmly bullish near-term bias with the SuperTrend line at $2,017 reinforcing the underlying demand.

Momentum is strong, as the RSI hovers in overbought territory near 83 and the MACD stays firmly positive, with the line advancing and the histogram expanding, hinting that buyers still control the tape despite stretched conditions.

Initial support lies at the 200-day EMA around $2,112, ahead of the SuperTrend indicator at $2,017, while deeper pullbacks would likely look toward the 100-day EMA at $1,933 and the 50-day EMA at $1,900 as broader trend floors. On the topside, the next notable resistance is suggested by the origin of the broken downward trendline near $2,400, and a sustained close above this area would open the way for a rally continuation. Still, the elevated RSI warns that the pair could first consolidate or correct toward the mentioned supports before attempting fresh highs.

XRP holds above the 50-day EMA at $1.08 and the SuperTrend support at $1.01, keeping a constructive bullish bias despite facing nearby overhead supply at the 100-day EMA at $1.15. Momentum remains strong, as the MACD stands above zero and the RSI hovers near overbought territory at 68, suggesting buyers still control the near-term tone though upside could be prone to fatigue.

Immediate resistance emerges at the 100-day EMA at $1.15, with a more significant barrier seen higher at the 200-day EMA at $1.34, where a sustained break would be needed to reopen the path toward a broader bullish extension. On the downside, the latest close around $1.15 acts as a short-term pivot, with stronger support at the 50-day EMA at $1.08 ahead of the SuperTrend base at $1.01. A daily close below these levels would hint at a deeper corrective phase after the recent rally.

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