- Technical Overview of Altcoins: Ethereum and XRP Face Challenges as Technical Indicators Retreat:

Ethereum is trading at $2,259, maintaining price stability as it stays below the 100-day and 200-day exponential moving averages at approximately $2,345 and $2,562, respectively. The smart contract token is hovering above the 50-day exponential moving average at $2,244, which acts as immediate dynamic support; however, the bearish chart pattern of the MACD indicator and the Money Flow Index (MFI) below 50 on the daily chart point to potential sell-offs on bounces, while the Relative Strength Index (RSI) is fluctuating near the neutral zone.

Daily chart of the ETH/USDT pair

On the bullish side, initial resistance is seen at the 100-day exponential moving average, around $2,345, with a stronger barrier at the 200-day exponential moving average near $2,562. The overall downtrend is likely to persist as long as Ethereum trades below this range. On the downside, the 50-day exponential moving average at $2,244 is the first major support level. A sustained break below this level would indicate a deeper decline, while holding above it could allow for a corrective rebound toward the higher moving averages.

Meanwhile, XRP is trading around $1.37, maintaining a near-term bearish trend, as the price remains below the 50-, 100-, and 200-day exponential moving averages. This set of moving averages, led by the 50-day exponential moving average at $1.41, reinforces an oversupply condition, while the broader descending resistance line extending from the $1.51 area adds an additional ceiling.

Momentum readings are lackluster, with the RSI nearing 45 on the daily chart, and the MACD indicator’s chart falling below the zero line, suggesting that recovery attempts remain exposed to renewed selling pressure.

Daily chart of the XRP/USDT pair

On the bullish side, immediate resistance sits at the 50-day exponential moving average at around $1.41. Easing the current downward pressure requires a daily close above this level. After that, the descending resistance line near $1.51, aligned with the 100-day exponential moving average, forms a strong barrier, followed by the 200-day exponential moving average at $1.75, which still defines the overall bearish structure. Support is noted at $1.35, XRP’s lowest weekly level. A decisive close below this level could accelerate selling toward $1.30.
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