#WCTCTradingKingPK - Technical overview of altcoins: Ethereum and XRP show signs of steady growth:
Ethereum is trading at $2,361, maintaining a neutral to slightly bullish trend, with the spot market price above the 50- and 100-day exponential moving averages at $2,256 and $2,344 respectively, but still confined below the 200-day EMA at $2,571. The Relative Strength Index (RSI) around 58 on the daily chart indicates positive bullish momentum, but not overbought. Meanwhile, the MACD histogram remains below zero with a negative reading, suggesting that upward attempts are still developing within a broader corrective context.
Daily chart of ETH/USDT pair
On the bullish side, initial resistance is at $2,400, followed by the 200-day EMA at $2,571. Sustained breakout above these levels is required to open a more clearly bullish phase. On the downside, immediate support is at the 100-day EMA near $2,344, with further pullback revealing the 50-day EMA around $2,256 as a key demand zone expected to hold to maintain the emerging uptrend.
On the other hand, XRP is trading at $1.41, as bulls attempt to stabilize the price after recent gains. However, the price remains structurally confined below the 100- and 200-day EMAs at $1.51 and $1.74 respectively. On the downside, XRP maintains stability above the 50-day EMA at $1.41, indicating an attempt to build a price base, while the middle band of the 20-day Bollinger Bands at $1.41 sits just above the price as an immediate resistance.
Mixed momentum signals, with the RSI hovering around 53 on the daily chart, while the MACD histogram has slightly dipped into negative territory, indicating that bullish momentum is waning within the broader downtrend defined by the descending resistance line.
Daily chart of XRP/USDT pair
On the bullish side, initial resistance is at the middle Bollinger Band around $1.41, followed by the upper band near $1.47. A sustained breakout above this zone would reveal the descending trendline and the 100-day EMA at $1.51, with the 200-day EMA at $1.74 considered a key bullish threshold. On the downside, the 50-day EMA at $1.41 provides immediate support. A daily close below this level would open the door to the lower Bollinger Band around $1.36, where buyers are expected to show increased interest in defending the broader consolidation zone.
$ETH
$XRP
