- A Technical Look at Alternative Coins: Ethereum and XRP See Slow Recovery:

Ethereum’s price is holding above the 50-day Exponential Moving Average (EMA) at $2,245 at the time of writing this report on Friday, but it remains far below the 200-day Exponential Moving Average at $2,560, keeping the overall uptrend intact while allowing for a moderately bullish tone in the near term.

The Relative Strength Index at 51 points to neutral to slightly positive momentum, although the MACD line is falling below the signal line as the negative histogram bars widen, suggesting that bullish attempts may currently lack strong follow-through.

On the upside, initial resistance is shown near the 50% Fibonacci retracement level of the broader decline around $2,597, close to the 200-day EMA at $2,560, which acts as a more significant barrier that must be broken to revive a sustained uptrend.

ETH/USDT daily price chart.

Looking downward, immediate support is provided by the 50-day EMA at $2,245, before deeper support appears at the 23.6% Fibonacci level around $2,148, where buyers are expected to show greater interest if the pullback extends.

For Ripple, the near-term trend is leaning slightly bearish, with XRP’s price stabilizing below the 50-day EMA at $1.4089, and well below the 200-day EMA at $1.7645. The MACD line sits just slightly below the signal line with a negative chart reading, while the Relative Strength Index (RSI) hovers around 46, collectively indicating a weakening of bullish momentum.

Initial resistance is reinforced by the 50-day EMA at $1.4089, and a more important barrier is seen near the 200-day EMA at $1.7645, where any sustained breakout would be needed to ease the broader bearish tone.

XRP/USDT daily price chart.

However, a bearish close for the day could extend XRP’s decline toward the $1.2500–$1.2700 support zone.
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