{"id":192521,"date":"2025-09-01T22:08:15","date_gmt":"2025-09-01T22:08:15","guid":{"rendered":"https:\/\/www.europesays.com\/us\/192521\/"},"modified":"2025-09-01T22:08:15","modified_gmt":"2025-09-01T22:08:15","slug":"bitcoin-ethereum-and-xrp-hold-steady-as-red-september-kicks-off","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/192521\/","title":{"rendered":"Bitcoin, Ethereum and XRP Hold Steady as &#8216;Red September&#8217; Kicks Off"},"content":{"rendered":"<p>In brief<\/p>\n<ul>\n<li class=\"font-meta-serif-pro font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Bitcoin, Ethereum and XRP prices are holding relatively steady as the market rolls into Red September.<\/li>\n<li class=\"font-meta-serif-pro font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">September is historically the worst month of the year for markets, with BTC on average dropping 3.77%.<\/li>\n<li class=\"font-meta-serif-pro font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Despite the sideways action, technical indicators suggest traders could be positioning for history to repeat.<\/li>\n<\/ul>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">The cryptocurrency market is attempting to shake off the weekend blues as September begins, but history suggests this could be just the calm before the storm.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Market sentiment has plummeted, according to the Crypto Fear and Greed Index. Sentiment has exited neutral territory and dropped into the \u201cfear\u201d zone, falling from 75 out of 100 in mid-August to 46 today\u2014the worst score since mid-June.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">This shift in sentiment comes as traders brace for what&#8217;s historically been crypto&#8217;s cruelest month: \u201cRed Septmber.\u201d Bitcoin has <a href=\"https:\/\/decrypt.co\/337411\/red-september-coming-what-expect-from-bitcoin-market\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\" rel=\"nofollow noopener\">dropped an average of 3.77%<\/a> in price each September since 2013.<\/p>\n<p>\ufeff<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">The broader macroeconomic picture adds another layer of complexity. The Federal Reserve&#8217;s September 16-17 policy meeting <a href=\"https:\/\/www.piie.com\/blogs\/realtime-economics\/2025\/feds-september-dilemma\" target=\"_blank\" rel=\"nofollow external noopener\" class=\"sc-adb616fe-0 bJsyml\">may well be<\/a> one of the most contentious in years. With markets implying an <a href=\"https:\/\/www.usbank.com\/investing\/financial-perspectives\/market-news\/federal-reserve-tapering-asset-purchases.html\" target=\"_blank\" rel=\"nofollow external noopener\" class=\"sc-adb616fe-0 bJsyml\">87% chance<\/a> of a 0.25% cut, the crypto market finds itself at a crossroads between seasonal weakness and potential monetary policy relief.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Meanwhile, traditional markets are showing mixed signals, with the S&amp;P 500 futures pointing to a positive open on Tuesday after Friday&#8217;s volatility, while <a href=\"https:\/\/www.morganstanley.com\/insights\/articles\/fed-rate-cut-september-2025-forecast\" target=\"_blank\" class=\"sc-adb616fe-0 bJsyml\" rel=\"nofollow noopener\">inflation remains above the Fed&#8217;s target<\/a> with core CPI at 3.1%.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">But while the stock market is on holiday in the United States, crypto\u2014of course\u2014never rests. Here\u2019s what the Bitcoin charts are showing today:<\/p>\n<p>Bitcoin (BTC) price: Testing critical support<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Bitcoin is showing resilience with a modest 0.53% gain to $108,842, recovering from an intraday low of $107,270. The flagship cryptocurrency has been bounced around into its current range (the white dotted line in the chart below), suggesting buyers are defending the psychologically important $108,000 level.<\/p>\n<p><img alt=\"Bitcoin price data. Image: Tradingview\" loading=\"lazy\" width=\"1553\" height=\"878\" decoding=\"async\" data-nimg=\"1\" class=\"object-contain object-center w-full\" style=\"color:transparent\"   src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/09\/BTCUSD_2025-09-01_13-12-21.png@webp.webp\"\/>Bitcoin price data. Image: Tradingview<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Bitcoin\u2019s Average Directional Index, or ADX, currently stands at 20, indicating no clear trend at the comment. ADX measures trend strength on a scale from 0-100, where readings below 25 suggest choppy, directionless tradings.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">In this case, Bitcoin\u2019s score of 20 suggests its inability to move further up to new all-time highs or further down towards a death cross for now. For traders, this means Bitcoin is currently in a consolidation phase where range-trading strategies might outperform trend-following approaches.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">The Relative Strength Index at 40 points shows that the Red September effect is real: Traders are starting to sell their coins faster than usual. The Relative Strength Index, or RSI, measures market momentum on a scale from 0 to 100, where readings above 70 indicate overbought conditions and under 30 suggest oversold.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Right now Bitcoin is approaching oversold territory, with more people interested in getting rid of their coins than in buying them.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">The Squeeze Momentum Indicator shows &#8220;off&#8221; status, signaling that volatility has already been released rather than building up. This indicator identifies when markets compress before explosive moves. When it&#8217;s &#8220;off,&#8221; it suggests the recent price action has already exhausted near-term volatility. The reading shows there is bearish movement, and that selling pressure remains dominant despite today&#8217;s modest recovery.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Exponential moving averages, or EMAs, provide traders with a glimpse of price resistances and supports by taking the average price of an asset over short and longer time frames. Bitcoin\u2019s EMA configuration remains bullish, with the 50-day EMA above the 200-day EMA<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">But current price action hovering near these averages suggests a battle between bulls and bears. It\u2019s also worth noting that the gap between the two EMAs is starting to close. That\u2019s not a good sign as it shows a deceleration of the bullish trend and could potentially lead the coin into a death cross configuration which, for traders, would confirm a solid bearish trend instead of just a correction.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">On <a href=\"https:\/\/myriad.markets\/markets\/bitcoin-s-next-hit-moon-to-125k-or-dip-to-105k\" target=\"_blank\" rel=\"noopener nofollow external\" class=\"sc-adb616fe-0 bJsyml\">Myriad<\/a>, a prediction market developed by Decrypt&#8217;s parent company Dastan, traders are feeling the bearish vibes. Myriad users now give Bitcoin a 75% chance of dropping to $105,000 sooner than later. A little over two weeks ago, the Myriad market had placed the odds of Bitcoin soaring to $125,000 at over 90%.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Key Levels:<\/p>\n<ul>\n<li class=\"font-meta-serif-pro font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Immediate support: $105,000 (psychological level and potential September target)<\/li>\n<li class=\"font-meta-serif-pro font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Immediate resistance: $113,000 (previous consolidation zone and EMA50 price line)<\/li>\n<\/ul>\n<p>Ethereum (ETH) price: Bulls struggle against resistance<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Ethereum is currently underperforming with a -0.66% decline to $4,363, despite opening just a bit higher at $4,392.87. The second-largest cryptocurrency briefly spiked to $4,490.97\u2014a move of 2.2% from the open\u2014but failed to hold gains, signaling rejection at the $4,500 resistance level.<\/p>\n<p><img alt=\"Ethereum price data. Image: Tradingview\" loading=\"lazy\" width=\"1553\" height=\"874\" decoding=\"async\" data-nimg=\"1\" class=\"object-contain object-center w-full\" style=\"color:transparent\"   src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/09\/ETHUSD_2025-09-01_13-12-072.png@webp.webp\"\/>Ethereum price data. Image: Tradingview<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Ethereum\u2019s ADX at 28 tells a more bullish story than Bitcoin&#8217;s, crossing above the crucial 25 threshold that confirms trend establishment. This reading suggests Ethereum&#8217;s recent price action represents genuine trending behavior rather than random volatility. Traders typically view ADX above 25 as validation for trend-following strategies, though the current price weakness contradicts this bullish signal\u2014a divergence that often precedes sharp moves.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">On the other hand, ETH\u2019s ADX score has been decreasing over time, which may point to a weakening trend in the near future.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">The Squeeze Momentum Indicator suggests volatility is building after a compression phase, typically preceding breakout moves. This is probably one small consequence of the September Effect, with short-term traders trying to sell their coins fast and long-term traders buying for what they expect to be the bounce ahead.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Ethereum\u2019s RSI at 57 is also in what traders would consider bullish territory. It\u2019s been higher recently, which suggests the market is calming down. Position traders may be holding and waiting for explosive movements before making judgements.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">The bullish EMA alignment (with the 50-day average above the 200-day average) provides structural support, but the failure to maintain above $4,400 raises concerns. The current setup shows Ethereum is still very bullish\u2014way above the average price of the past 50 days and coiling for a significant move as it breaks a weak, short symmetrical triangle pattern.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Myriad traders are holding the bullish Ethereum line as well. Predictors on the platform <a href=\"https:\/\/linea.myriadprotocol.com\/markets\/ethereum-to-hit-5k-in-2025\" target=\"_blank\" rel=\"noopener nofollow external\" class=\"sc-adb616fe-0 bJsyml\">place the odds at 77%<\/a> that ETH continues its upward trajectory and hits $5,000 before the end of the year.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Key Levels:<\/p>\n<ul>\n<li class=\"font-meta-serif-pro font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Immediate support: $4,360 (intraday low)<\/li>\n<li class=\"font-meta-serif-pro font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Strong support: $4,000 (psychological level and 50-day EMA zone)<\/li>\n<li class=\"font-meta-serif-pro font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Immediate resistance: $4,490 (today&#8217;s high)<\/li>\n<li class=\"font-meta-serif-pro font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Strong resistance: $4,500 (key technical barrier)<\/li>\n<\/ul>\n<p>XRP price: Adrift at sea<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">XRP rounds out the major cryptocurrencies with a -0.5% decline to $2.76, showing relative weakness. The Ripple-linked token briefly touched $2.8387\u2014a 2.3% intraday move\u2014before sellers took control, pushing it down to $2.70.<\/p>\n<p><img alt=\"XRP price data. Image: Tradingview\" loading=\"lazy\" width=\"1554\" height=\"878\" decoding=\"async\" data-nimg=\"1\" class=\"object-contain object-center w-full\" style=\"color:transparent\"   src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/09\/XRPUSD_2025-09-01_13-29-37.png@webp.webp\"\/>XRP price data. Image: Tradingview<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">The ADX at 19 is the weakest among the three top cryptocurrencies, firmly below the 25 trend threshold. This reading indicates XRP is stuck in a range-bound market with no clear directional bias. For traders, ADX below 20 typically suggest they should avoid trend-following strategies and instead focus on support and resistance levels for range trading. A low reading like this after recent volatility often marks accumulation phases before the next trending move.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Despite the Squeeze Momentum being &#8220;on,&#8221; XRP&#8217;s inability to hold gains above $2.80 suggests bears remain in control. The indicator&#8217;s activation combined with weak ADX creates what technical analysts call a &#8220;coiled spring&#8221; scenario. Extended periods of low ADX often lead to violent breakouts when they finally occur, though direction remains uncertain.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">The price action shows a potential descending triangle pattern that might end in a bearish breakout, potentially testing the 200-day EMA support or even lower. It\u2019s especially worth noting that XRP has now broken below the 50-day EMA support, which means bears are in control\u2014at least in the short term.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">The RSI at 40 points confirms the coin is heading into oversold territory, with sellers in control, though still not in full panic mode.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Myriad traders believe <a href=\"https:\/\/linea.myriadprotocol.com\/markets\/xrp-s-next-hit-moon-to-4-or-dip-to-2-5\" target=\"_blank\" rel=\"noopener nofollow external\" class=\"sc-adb616fe-0 bJsyml\">XRP drops to $2.50<\/a> before it ever reaches $4 per coin, placing those odds at 78% now.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Key Levels:<\/p>\n<ul>\n<li class=\"font-meta-serif-pro font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Immediate support: $2.70 (today&#8217;s low, psychological level, and the actual support of the descending triangle)<\/li>\n<li class=\"font-meta-serif-pro font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Strong support: $2.50 (previous consolidation base and EMA200 price zone)<\/li>\n<li class=\"font-meta-serif-pro font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Immediate resistance: $2.85 (EMA50)<\/li>\n<li class=\"font-meta-serif-pro font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Strong resistance: $3.00 (major psychological barrier and resistance set by the descending triangle)<\/li>\n<\/ul>\n<p class=\"font-bold uppercase text-sm text-body gg-dark:text-neutral-100\">Disclaimer<\/p>\n<p class=\"content font-akzidenz-grotesk font-bold uppercase opacity-60 text-sm\">The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.<\/p>\n<p>Daily Debrief Newsletter<\/p>\n<p>Start every day with the top news stories right now, plus original features, a podcast, videos and more.<\/p>\n","protected":false},"excerpt":{"rendered":"In brief Bitcoin, Ethereum and XRP prices are holding relatively steady as the market rolls into Red September.&hellip;\n","protected":false},"author":3,"featured_media":192522,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[64,67,132,68],"class_list":{"0":"post-192521","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-business","9":"tag-united-states","10":"tag-unitedstates","11":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115131325089359852","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/192521","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=192521"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/192521\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/192522"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=192521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=192521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=192521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}