Crypto today: XRP holds key support, Bitcoin and Ether under pressure from rising outflows in spot ETFs: Bitcoin faces persistent risk aversion as investors assess the impact of higher rates and an uncertain economic outlook.

Spot ETFs on Ether recorded the largest daily outflow since their launch, totaling approximately 465 million dollars on Monday.
XRP bulls are fighting to keep the price above the support level of $3.00, but the SuperTrend sell signal indicates that the risk of a decline remains.
Cryptocurrency prices on the brink on Tuesday, following a modest recovery on Monday, reflecting a shaky mood in the broader market due to persistent economic uncertainty. Bitcoin (BTC) is trading slightly below $115,000 at the time of writing, after a sharp recovery from Monday's low of $113,725.
The price fluctuations of Bitcoin (BTC) were reflected by leading altcoins, including Ethereum (ETH), which is struggling below the short-term resistance at $3,700. On the other hand, Ripple (XRP) is holding above key support at $3.00, supported by a stable derivatives market.
Market Overview: Negative sentiment is causing capital outflows from the ETF market. Investors are on edge due to concerns about the impact of the expected tariff increases on imported goods from dozens of countries this week.
The uncertain economic outlook, combined with the hawkish stance of the Federal Reserve and stable interest rates, raises doubts about the risk sentiment needed to push the price of Bitcoin above the resistance level of $120,000, Ether to the mark of $4,000, and XRP above its record of $3.66.
Institutional investors are reducing their exposure based on the increase in outflows from spot exchange-traded funds (ETFs). According to data from SoSoValue, spot ETFs on BTC registered in the U.S. experienced approximately $333 million in outflows on Monday, marking the third consecutive day of decline.
"Last week saw the first net outflow of funds from spot ETFs on $BTC in more than two months, breaking a steady streak of inflows. Although minor in size, it reflects a cautious sentiment as the price remains stuck below $120K," highlighted Glassnode in a post on X.
The sentiment of "risk aversion" has become more apparent with Ether, as spot ETFs recorded the largest outflow in history, amounting to about $465 million on Monday. This marks the second day of outflows after Ether interrupted its bullish streak, supported since July 3.
Overall, spot ETFs on Ether boast approximately $9 billion in net inflows, while the total net asset value averages $20.5 billion. The BlackRock ETHA ETF is the largest ETF with $10.7 billion in net assets, followed by Grayscale's ETHE with $4.1 billion and Fidelity's FETH with $2.44 billion.
In the coming days, one can get an idea of the direction in which prices for Bitcoin, Ether, and XRP are moving. Investors may adopt a cautious approach due to macroeconomic uncertainty, especially considering the rate hikes coming into effect this week.
Other key events that may impact the cryptocurrency market include the ISM U.S. Services PMI, an index used to assess the overall economic condition of non-sectors, on Tuesday, and the U.S. unemployment claims data on Thursday.
Chart of the Day: Bitcoin struggles below $115,000. The price of Bitcoin is trading slightly below the stubborn resistance at $115,000, reflecting a shaky sentiment across the broader crypto market. The Relative Strength Indicator (RSI), which dips slightly below the midpoint, confirms the subdued buying pressure.
If the overall downtrend of the RSI continues, Bitcoin may fall to gather liquidity at lower levels, such as the 50-day exponential moving average (EMA), providing support at around $113,058 and the previous all-time high of around $112,000.
Nevertheless, a close above the $115,000 level could make BTC more attractive to long position traders who are likely to bet on a price rise to $120,000.
Altcoin update: Ether struggles with risk-off sentiment, XRP holds key support. The price of Ether is struggling to maintain its recovery just below resistance at $3,700, which is primarily due to persistent risk-off sentiment as traders remain cautious amid macroeconomic uncertainty.
The Moving Average Convergence Divergence indicator (MACD) maintains a sell signal activated on July 30, when the blue MACD line crossed the red signal line.
Traders are likely to continue reducing risks as the MACD indicator tilts towards the middle line. The red histogram bars growing below the same middle line indicate increasing bearish momentum.
However, Ether is also above strong support levels provided by the 50-day EMA at $3,195, the 100-day EMA at $2,882, and the 200-day EMA at $2,725. Bulls are still watching the milestone at $4,000, which could support the shaky upward trend and pave the way for a risk-on sentiment.
As for XRP, the bulls managed to hold support at the $3.00 level since Monday, increasing the likelihood that the recovery will continue to short-term resistance at $3.30 and then to the all-time high of $3.66 reached on July 18.
However, the sell signal from the MACD indicator indicates that the bearish pressure is evident and cannot be ignored. Investors may reduce their positions while the blue MACD line remains below the red signal line, and the red histogram bars continue to be below the average line.
At the same time, the SuperTrend indicator recently flipped above the price of XRP, triggering a sell signal. If the bulls lose support at the $3.00 level, and the SuperTrend indicator line remains above the price, then the path of least resistance will remain downward, increasing the chances of XRP declining to the support provided by the 50-day moving average (EMA) at $2.80 and the 100-day EMA at $2.59.
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