Bitcoin, Ethereum, XRP Maintain Key Support Amid Iran Negotiation Hopes

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

Bitcoin (BTC), Ethereum (ETH), and XRP (XRP, Ripple) maintained their key support levels amid expectations of easing geopolitical risks in the Middle East, but the market remains cautious about a full-fledged rebound.

According to investment media FXStreet on May 25 (local time), Bitcoin continued to trade above the $77,000 support level, and Ethereum defended the $2,100 demand zone. XRP also showed relatively stable movement around $1.36. The analysis suggests that expectations for a ceasefire between the US and Iran and negotiations for the reopening of the Strait of Hormuz partially restored risk asset sentiment.

The media reported that the US and Iran are finalizing a 60-day ceasefire agreement. US President Donald Trump also stated over the weekend that "a peace agreement has been largely negotiated." The Fear & Greed Index, which reflects market sentiment, rebounded from 25, a level of 'extreme fear,' to 30 the previous day. However, it is still in the fear zone, indicating that investor sentiment has not fully recovered.

Bitcoin currently remains below its 200-day exponential moving average (EMA) of $81,335, indicating lingering bearish pressure in the mid-term. On the other hand, it maintained above the $76,000 range, where the 50-day and 100-day EMAs are located, securing short-term support. The Relative Strength Index (RSI) stayed at a neutral level of 48, and the Moving Average Convergence Divergence (MACD) histogram remained in negative territory, signaling that downward pressure has not been fully resolved. In case of further decline, the trendline around $70,380 was presented as a key support zone.

Ethereum traded around $2,114, staying below its 50-day, 100-day, and 200-day EMAs. The RSI moved below 40, and the MACD also remained in negative territory. The media analyzed that the trendline at $2,071 could act as a short-term support level. XRP traded at around $1.36, attempting to break through the $1.40 resistance zone, where the 20-day Bollinger Band midline and 50-day EMA are located. Both RSI and MACD maintained bearish trends, but the Money Flow Index (MFI) suggested the possibility of entering an oversold zone.

However, the steady inflow of institutional funds into XRP was cited as a positive variable. According to SoSoValue data, US-listed XRP spot ETFs saw a net inflow of $22 million last week, increasing the cumulative inflow to $1.41 billion. Total assets under management (AUM) expanded to approximately $1.13 billion, maintaining expectations for a moderate bullish trend in the XRP market.

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