Crypto Today: Bitcoin, Ethereum, XRP tick down despite a broader bullish crypto market outlook

• Bitcoin remains pressured near $78,000 support, but still holds above major uptrending moving averages.
• Ethereum struggles below $2,500 resistance, aligning with downtrending momentum indicators.
• XRP approaches the 200-day EMA short-term support as the path of least resistance gradually shifts downward.

Bitcoin (BTC) remains in a short-term corrective trend, edging lower toward $78,000 on Tuesday. The largest cryptocurrency by market capitalization broadly corrected following last week’s breakout toward $81,500.

Holding at a higher support could boost BTC’s outlook as investor attention shifts toward the release of the United States (US) Consumer Price Index (CPI) report on Friday and the upcoming Federal Reserve (Fed) decision on interest rates.

Meanwhile, Ethereum (ETH) hovers below $2,500 while maintaining a broader bullish outlook. To renew the uptrend, bulls need to reclaim the short-term $2,500 hurdle, as continued trading below the same level could prompt selling among investors seeking to lock in profits.

Ripple (XRP) is similarly struggling to renew the uptrend despite holding above key moving-average support levels. The remittance token is trading at $1.38 amid capped upside and needs to flip supply at $1.40 into support to keep the bullish picture intact.