- Technical Look at Altcoins: Ethereum and XRP Gaining Momentum:

Ethereum is trading at $1,623 after a short recovery from the demand zone ranging between $1,500 and $1,600. Despite this rise, Ethereum still leans toward a short-term decline, as its price remains below the 50-, 100-, and 200-day exponential moving averages, which stand at $1,808, $1,987, and $2,256, respectively.

Meanwhile, the MACD has turned positive on the daily chart, indicating an attempt to stabilize losses rather than a decisive bullish reversal. The RSI, at around 41 on the same chart, reflects weak demand despite the recovery from oversold conditions.

Daily Chart of ETH/USDT Pair
Initial resistance appears at the 50-day EMA near $1,808, before the break level of the downtrend line at around $1,936, where sellers could regain control. Higher up, the 100-day EMA at approximately $1,987 and the 200-day EMA near $2,256 form a broader supply zone that must be reclaimed to invalidate the current bearish scenario and open the path for a more sustainable recovery.

As for XRP, its price has stabilized above $1.06, recording a slight rise from the immediate psychological support level of $1.03. Despite this increase, the remittance-focused digital currency still leans toward a short-term decline, as it remains well below the key moving averages.

Momentum is mixed, with the MACD slightly above zero and mildly positive on the daily chart, indicating moderate stabilization, while the RSI near 38 still reflects weak buying interest rather than a decisive recovery.

Daily Chart of XRP/USDT Pair
On the upside, immediate resistance lies at the 50-day EMA ($1.19), followed by the 100-day EMA at $1.30, where any upward move is likely to face renewed selling pressure. A sustained breakout above these barriers is needed to challenge the higher structural boundary at the 200-day EMA around $1.52, and to alleviate the prevailing bearish trend.
$ETH ‌
$XRP ‌