๐จ Crypto Market Update โ August 4, 2025
๐น Bitcoin, Ethereum, XRP Eye Higher Targets
๐ฅ The crypto market is bouncing back after last week's volatility! Here's your quick snapshot:
๐ Bitcoin (BTC)
๐ Now: ~$114,700
โ Targeting: $118,000
BTC is regaining strength after testing $111,886 support.
Bulls are eyeing the key $115K breakout.
RSI signals recovery; price momentum remains upward if the RSI enters overbought territory.
๐ On-chain data: Over 160,000 BTC accumulated in 30 days!
๐ Ethereum (ETH)
๐ Now: ~$3,643
โ Targeting: $3,800
ETH is riding a 12-week streak of spot ETF inflows totaling $154M last week.
RSI has bounced to 56, suggesting growing speculative interest.
Watch for a MACD crossover for the next leg up.
๐ธ XRP
๐ Now: ~$3.01
โ Targeting: $3.30 (and possibly ATH at $3.66)
XRP holds above $3.00 as institutional inflows hit $31.3M.
RSI trends above the midline, supporting a bullish outlook
๐ Market Context
Last week saw $223M in crypto product outflows, largely due to a hawkish Fed and Trumpโs tariff hike.
Bitcoin ETFs saw $643M in outflows over 7 days, ending a bullish streak.
Meanwhile, Ethereum and XRP saw continued inflows, showing resilient investor confidence.
๐ก Key Takeaways
๐ Short-term dips are being bought โ smart money is accumulating.
๐ผ Institutional inflows are fueling altcoin momentum.
๐ RSI and ETF flows are important indicators to watch this week.
๐ฌ Will BTC smash $118K this week? Is ETH on track for $3,800? Drop your thoughts ๐
#Bitcoin #Ethereum #XRP #CryptoUpdate #BinanceSquare #CryptoNews #BTC #ETH #Altcoins
