Crypto Market Sees Mixed Outlook Amid Iran-Oman Deal Speculation

The cryptocurrency market is experiencing a mixed outlook as Bitcoin and Ethereum recover from recent losses while XRP continues to decline amid a potential deal between Iran and Oman on the management of shipping through the Strait of Hormuz.

BTC has maintained its short-term bullish bias, trading above $64,673 with a modest bullish momentum. However, it remains capped by the Parabolic SAR at $65,404, and further hurdles exist at the 100-day and 200-day EMAs at $67,043 and $72,505, respectively.

Ethereum has extended its recovery for a second consecutive day, reclaiming support above $1,900. The altcoin remains capped beneath the 100-day EMA at $1,925 and the 200-day EMA at $2,134, but the RSI around 56 suggests moderate bullish momentum.

XRP, on the other hand, maintains a bearish near-term bias as the spot price holds below the stacked daily EMAs. Bollinger Bands show price trading below the midline, and the RSI near 40 and a negative MACD reading hint at subdued momentum consistent with continued downside pressure.