 ▲ Bitcoin (BTC), Ethereum (ETH), and XRP / ChatGPT-generated image © |
Amid escalating tensions in the Middle East and an unstable global landscape, major cryptocurrencies such as Bitcoin and XRP (Ripple) are drawing investor attention as they stage a clear rebound despite mixed fund flows in spot exchange-traded funds (ETFs).
According to investment media outlet FXStreet on March 4 (local time), Bitcoin (BTC) resumed its recovery after a brief correction to $66,158 the previous day, reclaiming the $71,000 level. The rebound has been supported by solid demand for spot Bitcoin ETFs, which recorded $225 million in inflows on Tuesday alone. This suggests improving investor sentiment toward risk assets despite geopolitical uncertainties.
XRP is also riding Bitcoin’s positive inflow trend. Data from SoSoValue shows that U.S.-listed spot XRP ETFs attracted approximately $7.5 million on Tuesday, including $1.45 million into a product managed by Canary Capital. In contrast, spot Ethereum (ETH) ETFs saw net outflows of about $11 million, reflecting relative weakness, though the price itself climbed back above $2,000 in line with the broader market recovery.
Chart analysis indicates that Bitcoin buyers are gradually strengthening their control. On the daily chart, the Moving Average Convergence Divergence (MACD) remains above the signal line, with expanding green histogram bars adding upward pressure. The Relative Strength Index (RSI) hovers around 53, supporting the recovery trend. However, despite the short-term positive outlook, Bitcoin remains below its long-term downward trendline, making a breakout above the first resistance level at $72,271 a critical juncture that could determine its future trajectory.
Ethereum and XRP are also emitting cautious bullish signals. ETH’s RSI has recovered to neutral territory, easing selling pressure, while the MACD is maintaining positive momentum above the signal line as it tests resistance at $2,150. XRP, which has moved above $1.41, shows its daily RSI rising from 46, signaling a restoration of buyer control.
For XRP to transition into a full bullish phase, it must close above the immediate resistance at last Wednesday’s high of $1.49 and break through the supply zone near $1.57, where the 50-day exponential moving average (EMA) is located. A successful move beyond this level could open the path toward the long-term moving averages at $1.79 and $2.03.
Disclaimer: This article is provided for informational purposes only and should not be construed as investment advice. The publisher is not responsible for any losses resulting from investment decisions based on this content.