- Technical Overview of Altcoins: Ethereum and XRP Decline Amid Increasing Selling Pressure:

Ethereum is trading at $2,291, maintaining its rise above the 50-day Exponential Moving Average at around $2,276, but still below the 100-day EMA near $2,341, which limits the overall upward range. The SuperTrend support zone around $2,145 supports this recent rise, while the neutral Relative Strength Index near 49 and the negative MACD chart indicate only slight downward pressure rather than a clear trend.

Daily chart of ETH/USDT pair

On the bullish side, initial resistance appears at the 100-day EMA, around $2,341, while the 200-day EMA, closer to $2,547, forms a stronger barrier if buyers regain control. On the downside, immediate support is at the 50-day EMA, near $2,276, followed by the super trend line near $2,145, where breaking below could lead Ethereum into a deeper corrective phase.

On the other hand, XRP is trading near $1.47, maintaining a neutral upward bias, as the price remains above the 50-day EMA at $1.42, and the last SuperTrend support level near $1.34, but is still confined below the 100-day EMA at $1.50. The positive MACD chart, with a slight rise, along with the RSI around 61 on the daily chart, indicates improving bullish momentum, but the pair needs to break above the nearby moving averages to confirm a sustainable upward trend.

Daily chart of XRP/USDT pair

On the bullish side, initial resistance appears at the 100-day EMA, centered around $1.50, followed by a breakout of the downtrend resistance near $1.51, while the 200-day EMA, much higher at $1.71, signals a broader bullish outlook if surpassed. On the downside, immediate support is at the key $1.45 level, with the 50-day EMA at $1.42 as a subsequent demand line, before the super trend baseline at $1.34 acts as a deeper corrective bottom.
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