- Technical outlook on altcoins: Ethereum and XRP are more vulnerable to bigger losses:

Ethereum is trading at $2,286, holding above the 50-day exponential moving average at $2,265 and super trend support near $2,145, indicating a cautious bullish tone despite trading below the long-term exponential moving averages of 100 days and 200 days at $2,347 and $2,546, respectively.

Momentum is mixed, with the relative strength index hovering around the neutral zone of 49 on the daily chart while the MACD chart remains in negative territory, suggesting that upward attempts may face headwinds as long as the price stays below these higher averages.

Daily chart of the ETH/USDT pair

On the upside, initial resistance lies at the 100-day exponential moving average around $2,347, and if this level is broken in a sustained manner, the 200-day exponential moving average at $2,546 will become the next upside target. On the downside, the 50-day exponential moving average at $2,265 provides immediate support, while a daily close below this level will bring the SuperTrend line near $2,145 back into focus as a deeper support zone.

Meanwhile, XRP is trading at $1.38 at the time of writing this report on Friday. The digital asset designed for financial transfers keeps steady above the SuperTrend support level near $1.32, but it is still trapped within a tight range of moving averages, starting with the 50-day exponential moving average hovering around $1.41. Both the 100-day and 200-day exponential moving averages are significantly above the market price, reinforcing a bearish trend in the near term.

At the same time, the relative strength index is fluctuating just below the midline on the daily chart, while the MACD indicator remains marginally in negative territory, indicating weak momentum and supporting the idea that the market is consolidating within a broader bearish context.

Daily chart of the XRP/USDT pair

On the upside, initial resistance appears at the 50-day exponential moving average at $1.41, with restrictions on any further rise due to the descending trendline break level around $1.45. It takes a daily close above this area to ease the current bearish pressure and open the way toward the 100-day exponential moving average near $1.50, and then toward the 200-day exponential moving average around $1.72.

On the downside, the immediate support level aligns with the SuperTrend level at $1.32, and a break below this level would expose the pair to larger losses, keeping sellers in control of the short-term structure.
$ETH ‌
$XRP ‌