- Technical Analysis on Altcoins: Ethereum and XRP Recovery Pullback

The Ethereum price is hovering above the immediate support level of $2,300, with a slight bullish trend remaining in the near term. The 50-day exponential moving average at $2,219 reinforces near-term bullish expectations, while the SuperTrend indicator points to a low demand zone around $1,981.

Meanwhile, the MACD indicator maintains stability above the signal line on the daily chart, with expanding green histogram bars, pushing investors to increase risk-taking. Although the (RSI) shows a slight pullback to 64 on the same chart, it remains above the neutral line, indicating that buyers are still in control of the market. Any further increase in the (RSI) into the overbought zone would strengthen the potential for Ethereum's recovery.

Immediate resistance sits at the recently recorded high around $2,377, and a decisive breakout would pave the way toward the 100-day exponential moving average at $2,515.
Above $2,515, the next resistance aligns with the 200-day exponential moving average at $2,836.

Daily chart for ETH/USDT pair

As for XRP, traders remain cautiously optimistic despite its price trading above the levels expected in this article. The MACD indicator confirms the overall bullish outlook, remaining above the signal line with stable green histogram bars on the daily chart. The immediate support level sits at the 50-day exponential moving average at $1.51, while XRP trades slightly above it.

However, the SuperTrend indicator still hovers above the immediate market price near $1.58, keeping the main trend defensive. At the same time, the (RSI) at 59 on the same chart retreats from its recent highs, but remains above the 50 midpoint line, supporting continued buying interest rather than an immediate reversal.

Daily chart for XRP/USDT pair

A daily close above the 50-day exponential moving average, followed by a decisive breakout above the SuperTrend indicator, would open the door for gains extending toward the 100-day exponential moving average at $1.70. If XRP's price falls below the immediate support level at $1.51, it will be vulnerable to the weekly opening price at $1.45 and Monday's low at $1.43.
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