- Technical outlook on altcoins: Ethereum and XRP are about to continue their recovery:

Ethereum is trading above $2,300, and the trading range in the near term appears limited, as the price remains below the 100 and 200-day exponential moving averages at approximately $2,341 and $2,532, respectively. However, the pair is still supported by the 50-day exponential moving average at $2,276 and the upward trend line near $2,145, indicating continued consolidation rather than a clear breakdown.

Meanwhile, the Relative Strength Index (RSI) remains slightly below the neutral level of 50 on the daily chart, while the MACD indicator shows a bearish trend. These signals suggest that upward attempts may continue to face difficulties, as Ethereum (ETH) trades below its medium- and long-term exponential moving averages.

Daily chart of ETH/USDT pair

On the bullish side, initial resistance is observed at the 100-day exponential moving average near $2,341. A daily close above this barrier would open the way toward the 200-day exponential moving average around $2,532, where sellers are likely to reappear. On the downside, the 50-day exponential moving average at $2,276 provides immediate support, with a decisive break below revealing the main trend support zone around $2,145. Losing this demand zone would reinforce the overall bearish trend and deepen the corrective phase.

On the other hand, XRP is trading at $1.46, surpassing the 50-day exponential moving average at $1.42 and the SuperTrend support level near $1.33, both indicating a positive outlook in the short term. Despite this strong support, XRP's price remains limited, trading below the 100-day exponential moving average at $1.50 and the broader 200-day exponential moving average at $1.71.

The MACD chart remains slightly positive on the daily timeframe, while the RSI hovers around 58, indicating moderate bullish momentum that has not yet crossed above the upper moving average and trend line barriers.

Daily chart of XRP/USDT pair

On the bullish side, immediate resistance is at the 100-day exponential moving average near $1.50, close to the descending trend line. A sustained breakout above this level would open the way toward the 200-day exponential moving average at $1.71. On the downside, initial support is at the 50-day exponential moving average at $1.42, followed by the upward trend line near $1.33, where a daily close below this level would invalidate the current bullish trend and reveal further losses.
$ETH ‌
$XRP ‌