Cryptocurrency Market Consolidates Gains as XRP Extends Breakout

The cryptocurrency market is consolidating its gains, with Bitcoin and Ethereum stabilizing near $86,000 and $2,700 respectively. XRP, on the other hand, extends its breakout and tags highs above $1.60, backed by returning ETF inflows.

According to CryptoQuant's Bull Score Index, which has been in bullish territory since mid-August, Bitcoin is moderating, trading near $86,000 as it holds well above the short, medium, and long-term Exponential Moving Averages (EMAs) clustered between roughly $72,900 and $75,900.

The Ethereum uptrend takes a breather as XRP gains momentum. XRP trades at $1.61, extending its advance well above the key EMAs, with the 200-day EMA at $1.36 underpinning a clear bullish near-term bias.