- Technical outlook on altcoins: Ethereum and XRP are at risk of worsening losses:

Ethereum is trading at $2,119, maintaining a bearish trend in the short term, as the price remains below the 50, 100, and 200-day exponential moving averages. The pair has also fallen again below an upward support line, which now acts as resistance near $2,133, reinforcing the idea that the market is constrained by excess supply.

Momentum remains weak, with the Relative Strength Index hovering near 34 on the daily chart, indicating ongoing downside pressure even as conditions approach oversold territory, while the MACD chart remains highly negative, suggesting bearish momentum still dominates.

Daily chart of the ETH/USDT pair

On the upside, initial resistance appears at the upward trend line around $2,133, with failure to reclaim this level limiting gains. Above that, the 50-day exponential moving average near $2,258 represents the next hurdle, followed by the 100-day EMA around $2,326, then the 200-day EMA near $2,564, forming a broader bearish structure.

On the downside, initial support is at $2,100, followed by $2,000, where buying demand at lower levels is likely to generate positive momentum, pushing toward a trend reversal.

Meanwhile, XRP is trading around $1.38. The pair shows a bearish trend in the short term after falling again below the upward trend line, which now acts as initial resistance near $1.39. All three main exponential moving averages, including the 50-day at $1.42, the 100-day at $1.49, and the 200-day at $1.70, remain above the current price. This indicates the market is still constrained by broader downside.

Momentum also leans negative, with the Relative Strength Index around mid-40s on the daily chart, and the MACD chart below zero, suggesting sellers maintain control despite intermittent rebounds.

Daily chart of the XRP/USDT pair

On the bullish side, immediate resistance is at the upward trend line near $1.39, with failure to regain momentum continuing to pressure the short-term trend. Sustained movement above this level would reveal the main exponential moving averages mentioned above. Looking at the broader daily chart, short-term support is at $1.35, followed by $1.30 if selling continues.
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