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Crypto Market Rebounds as Ethereum Brushes Off Record ETF Outflows and XRP Tests Key Support

Record Ethereum ETF redemptions collide with off‑exchange accumulation to set up a pivotal October for pending XRP decisions.

Overview

  • Bitcoin climbed back above roughly $112,000 and Ethereum traded near $4,100, recovering from last week’s break below key supports, while XRP stabilized around $2.85.
  • U.S. spot Ethereum ETFs logged about $796 million in weekly net outflows, led by Fidelity and BlackRock products, even as ETH reclaimed the $4,100 level.
  • On‑chain data showed continued accumulation off exchanges, with Sentora reporting roughly $5.75 billion in BTC and $3.08 billion in ETH withdrawn last week and CryptoQuant noting declining ETH exchange reserves.
  • Large wallets were active, with Lookonchain tracking 431,018 ETH moved to 16 addresses from major platforms and a separate 17,555,420 XRP purchase on Kraken transferred to an external wallet.
  • Traders are watching whether ETH holds the $3,800–$4,000 area against resistance near $4,300–$4,500 and whether XRP defends the ~$2.75 demand cluster as SEC rulings on multiple XRP spot ETFs approach October 18–25.