Crypto Markets Pause as Bitcoin Holds Support, XRP Tests

Key Moments

• Bitcoin trades around $64,116, stabilizing above short-term support near $64,000 but still capped under major moving averages.
• Ethereum changes hands near $1,877, supported by its 50-day EMA at $1,863 while facing resistance at the 100-day and 200-day EMAs.
• XRP hovers just above the $1.00 psychological level after three days of declines, with momentum indicators signaling ongoing downside pressure.

Macro Backdrop and Sentiment

Bitcoin (BTC) adopts a sideways bias on Tuesday as it retests nearby support at $64,000. Market participants appear hesitant to commit, looking for a clear trigger to drive a potential move through $65,000. Ethereum (ETH) shows a similar pattern, trading below $1,900 but staying anchored above the $1,800 demand zone.

Ripple’s XRP remains under pressure as it gravitates toward the critical $1.00 threshold. This marks the third straight session of losses, eroding its broader technical posture.

US-Iran Tensions Pressure Risk Appetite

Iran stated on Monday that a possible agreement with Oman on overseeing commercial shipping in the Strait of Hormuz would not be enough to fully reopen the key chokepoint unless the United States meets several conditions.

Responding to Tehran’s call for compensation from Washington, US President Donald Trump said the US would seek reparations from Iran for American casualties.