Quick overview
- Bitcoin and Ethereum have maintained their levels, while XRP has been declining for five consecutive days, nearing the $1.00 mark.
- Geopolitical risks have eased slightly with reports of Iran and Oman working on a deal to reopen the Strait of Hormuz, but tensions remain high.
- Bitcoin is currently at $64,480, facing resistance at the 50-day EMA, while Ethereum is trading at $1,906 with mixed signals from technical indicators.
- XRP is struggling at $1.03, with all key moving averages above its current price and a negative MACD indicating ongoing selling pressure.
Crypto ended the week in a split mood. Bitcoin and Ethereum have mostly held their levels through Friday, while XRP has been quietly sliding for five straight days and is now knocking on the $1.00 door. The contrast between the three is about as wide as it has been all month.
The backdrop has shifted a little. Iran and Oman are reportedly working toward a deal that would reopen the Strait of Hormuz for commercial shipping, which has taken some of the edge off geopolitical risk. But it is not a clean break. Iran’s deputy foreign minister denied any direct talks with Washington, and Saudi Arabia is still warning of potential coordinated attacks on port and airport infrastructure from Iraqi militias working alongside Houthi rebels. The Fear and Greed Index edged up to 29 from 25 the day before, still in fear territory, still fragile.
Bitcoin is sitting at $64,480. The 50-day EMA at $64,644 is right on top of price, which has been the story all week. Get above it, then get sold. The 100-day at $66,995 and 200-day at $72,678 are further up and not close to being tested. The MACD just turned marginally positive, and RSI is at 52, which is about as neutral as it gets. The rising trendline around $62,887 and the SuperTrend near $61,034 are the levels holding things together on the downside. Neither has been tested this week and buyers have not needed to step in there yet.
The Clarity Act delay did not help sentiment. The Senate pushed the floor vote to September, which hit the DeFi and tokenization plays hardest but left Bitcoin largely unmoved. Four straight weeks of ETF inflows have kept a floor under the price even as the broader macro picture stays complicated.
Ethereum is trading at $1,906, parked between the 50-day EMA at $1,858 below and the 100-day at $1,928 just above. The RSI at 55 is the healthiest reading ETH has had in months, but the MACD dipped below zero which is the kind of mixed signal that keeps traders cautious. ETF inflows have been steady, and on-chain data shows large holders have been adding quietly. The 200-day EMA at $2,165 is the big target if the 100-day gives way. That is the number ETH bulls have been circling since the recovery started in late June.
XRP is a different story. It is trading at $1.03 and has been heading lower every day this week. All three key moving averages are sitting well above current price, the MACD is negative, and RSI at 37 is in weak territory without being oversold enough to invite obvious dip buyers. The broken downtrend line near $1.06 is the first thing it would need to clear to ease the selling pressure. Until it does, the $1.00 level is the only real line of defense left.
Sophia Cruz
Financial Writer – Asian & European Desks
Sophia is an experienced writer, reporter and newsdesk member, mostly on the financial sectors. For the past 5 years Sophia has covered a wide variety of topics such as the financial markets, economics, technology, fin-tech and trading. Sophia has been a part of the FX Leaders team since 2017 and works on producing valuable content and information for traders of all levels of experience.
