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

Ethereum is trading at $2,259, maintaining its price stability as it remains below the 100-day and 200-day exponential moving averages at approximately $2,345 and $2,562, respectively. The smart contract token hovers above the 50-day exponential moving average at $2,244, which acts as an immediate dynamic support, but the negative chart pattern of the MACD indicator and the Money Flow Index (MFI) below 50 on the daily chart suggest potential selling at highs, while the Relative Strength Index (RSI) oscillates near the neutral zone.
Daily chart of ETH/USDT pair
On the bullish side, initial resistance appears 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 bearish trend is likely to continue 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 indicates 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 short-term bearish trend, as the price remains below the 50, 100, and 200-day exponential moving averages. These moving averages, led by the 50-day EMA at $1.41, reinforce an excess supply, while the broader descending resistance line extending from the $1.51 zone adds an additional barrier.
Momentum readings are weak, with the RSI approaching 45 on the daily chart, and the MACD histogram below zero, indicating that recovery attempts remain vulnerable to renewed selling pressure.
Daily chart of XRP/USDT pair
On the bullish side, immediate resistance is at the 50-day exponential moving average near $1.41. A daily close above this level is required to ease the current downside pressure. Next, the descending resistance line near $1.51, aligned with the 100-day EMA, forms a strong barrier, followed by the 200-day EMA at $1.75, which still defines the overall bearish structure. Support is observed at $1.35, the lowest weekly level for XRP. A decisive close below this level could accelerate selling toward $1.30.
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