Crypto Today: Bitcoin, Ethereum, XRP broadly consolidate ahead of the next leg up

• Bitcoin hovers around $79,000 as bulls gather momentum for a potential breakout toward $82,500 resistance.
• Ethereum broadly holds gains, trading above $2,400, supported by upward-moving averages and a MACD buy signal.
• XRP trades above $1.40 short-term support, but its upside appears capped amid a potentially overextended bullish outlook.

Bitcoin (BTC) has retained a strong bullish outlook since last week, trading around $79,000 on Wednesday. As the Crypto King consolidates, bulls appear to be mulling another breakout attempt to reclaim $80,000 and push beyond the supply zone at $82,500. As for major altcoins, Ethereum (ETH) holds above $2,400 while building momentum for a potential breakout past $2,600.

At the same time, Ripple (XRP) is defending $1.40 support but faces capped upside, with supply building between $1.50 and $1.70. A sustained move above $2.00 is needed to reinforce the short to medium-term positive outlook. Such a move could prevent losses toward the demand area at $1.00.

Market activity backs bullish outlook

Bitcoin spot Exchange-Traded Funds (ETFs) have extended a notable bullish streak, with inflows averaging $314 million on Tuesday. Last week’s inflows surged to $1.92 billion, the strongest since October, underscoring an institutional investor comeback following months of uncertainty and price doldrums. Cumulative inflows total $54.36 billion, with assets under management at $99.05 billion.