Bitcoin, Ethereum, XRP Decline… US-Iran Truce Uncertainty and ETF Outflow Impact

▲ Bitcoin (BTC), Ethereum (ETH), XRP / ChatGPT generated image ©

With geopolitical risks and ETF fund outflows overlapping simultaneously, Bitcoin, Ethereum, and XRP continue their bearish trend without securing momentum for a rebound.

According to investment media FXStreet on April 9 (local time), the unstable truce between the US and Iran is dampening overall market sentiment, causing Bitcoin (BTC) to struggle to break above $70,000, Ethereum (ETH) to fall below $2,200, and XRP (Ripple) to also show weakness below $1.35. The Fear & Greed Index remained at 14, indicating extreme fear.

Political tensions remain high. Iran has restricted passage through the Strait of Hormuz, and Israel continues its airstrikes in Lebanon. US President Donald Trump warned of renewed attacks if negotiations fail and announced his intention to maintain the presence of US troops in the Middle East. Amid this uncertainty, investors have adopted a wait-and-see approach, and funds are flowing out of spot ETFs. According to SoSoValue, as of April 9, approximately $125 million was outflowed from Bitcoin spot ETFs, with cumulative inflows totaling $56.15 billion and total assets under management reaching $91.9 billion. Ethereum spot ETFs also saw outflows of approximately $19 million, continuing their bearish trend, while XRP spot ETFs are experiencing stagnant inflows.

Technically, Bitcoin maintains support above the 50-day exponential moving average at $70,512 (not $50,512), maintaining a short-term rebound structure. However, resistance at $72,857, the 100-day EMA at $75,511, and the downtrend line from the all-time high of $126,199 are still capping the upside. The Moving Average Convergence Divergence (MACD) is in an expansion phase, and the Relative Strength Index (RSI) is around 56, indicating room for further upside, but a decisive breakout is needed.

Ethereum recovered its 50-day EMA at $2,152, indicating some short-term buying interest, but the 100-day EMA at $2,364 and the 200-day EMA at $2,689 are acting as strong resistance. An RSI of 56 and a positive MACD crossover are positive, but it is still considered insufficient to indicate a trend reversal.

XRP remains below its major moving averages, continuing a structural bearish trend. The 50-day EMA at $1.42 is acting as a short-term resistance level, with additional overhead resistance converging in the $1.58 to $1.83 range. The RSI is at 44, which is below neutral, and the MACD shows only limited rebound signals, suggesting it is in a short-term stabilization phase rather than a clear upward reversal.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*