- Altcoin Update: Ethereum and XRP Rise Above Key Support Levels:

Ethereum continues its recovery above the $3,100 level, as bulls seek to tighten their grip and break the descending trendline resistance. The Relative Strength Index (RSI) on the daily chart has crossed above the 50 midline.

The MACD indicator on the same chart has maintained a buy signal since November 25. ETH’s trend could remain bullish if the histogram bars continue to expand above the midline and the indicator crosses into the bullish zone.

A breakout above the 50-day EMA at $3,316 could further boost Ethereum’s bullish trend. However, traders should watch the 200-day EMA at $3,459 and the 100-day EMA at $3,521, as Ethereum may face resistance that could slow the upward move toward $4,000.

Daily chart for ETH/USDT

Meanwhile, Ripple’s (XRP) price climbed above $2.10 on Monday after bulls defended the $2.00 support level the previous day. Buyers are striving to maintain control, as the (RSI) on the daily chart attempts to reach the neutral 50 level.

Daily chart for XRP/USDT

The 50-day EMA is at $2.27, the 100-day EMA at $2.43, and the 200-day EMA at $2.47—all of which could slow XRP’s upward momentum. Buyers need to flip these EMAs into support levels to strengthen the bullish outlook, and any sustained move above the descending trendline would further reinforce it. However, XRP is not out of the danger zone yet amid a growing risk of another drop below the critical $2.00 level.