- Technical outlook on altcoins: Ethereum and XRP under pressure with continued decline: Ethereum is trading at $2,338, maintaining a neutral to slightly bullish stance as the price stabilizes above the 50-day exponential moving average at $2,266 but remains below the 100-day EMA at $2,344 and the 200-day EMA near $2,546. The smart contract also tracks an upward support trendline, with the latest reaction zone around $2,288, indicating that buyers are still defending higher lows even as the MACD chart remains slightly negative on the daily chart and hints at a slowdown in bullish momentum, while the Relative Strength Index (RSI) around 55 suggests balanced and slightly positive pressure rather than a strong trend. Daily chart of ETH/USDT pair On the upside, immediate resistance is at the 100-day EMA, around $2,344. A daily close above this key level would reveal a stronger barrier at the 200-day EMA near $2,546, where a broader bearish supply zone is likely to re-emerge. On the downside, the initial support level aligns with the pivot point close to the current trading range during the day, followed by support at the upward trendline around $2,288, with the 50-day EMA at $2,266 providing additional support. A decisive break below this converging range would weaken the bullish trend and open the door for a clearer corrective phase. Meanwhile, XRP is trading above $1.41, maintaining an overall bearish trend, as the price remains well below the 100 and 200-day EMAs, which are at $1.50 and $1.74 respectively. However, the transfer price is slightly supported above the 50-day EMA at $1.41, indicating an initial attempt to stabilize after recent losses. Momentum signals are slightly positive, with the RSI hovering around 54 on the daily chart, and the MACD indicator chart shows it slightly above zero, suggesting selling pressure is easing but has not yet reversed, while the long-term moving averages remain above. On the bullish side, initial resistance appears near the downtrend break zone around $1.46, where previous rallies faced difficulty, followed by the 100-day EMA at $1.50. Sustained movement above these levels is required to ease the overall bearish trend. In the bullish scenario, the 200-day EMA at $1.74 represents a key medium-term barrier. Daily chart of XRP/USDT pair On the downside, the 50-day EMA at $1.41 provides immediate support. A daily close below this level would open the door to deeper corrections, while holding above it would maintain short-term consolidation below the resistance zone.

Short-term activity in XRP is decreasing, no excitement, price is calm. $xrp #bitcoin

$XRP ISN’T FOR INTERBANK SETTLEMENT YEA KEEP THINKING THAT.