- Technical Overview of Altcoins: Ethereum and XRP Gaining Strong Momentum.

Ethereum is currently trading at $2,328, maintaining stability above the 50-day exponential moving average at $2,216, indicating a slight bullish trend. However, Ethereum's upward movement appears limited, as the price remains below the 100-day exponential moving average at $2,352 and the 200-day exponential moving average at $2,608, which restricts the overall recovery. The Relative Strength Index (RSI) on the daily chart around 56 suggests a bullish bias, while the MACD indicator remains slightly positive, indicating some bullish momentum, but not strong enough to challenge the larger bearish structure defined by long-term moving averages.

Daily chart of ETH/USDT pair

On the bullish side, immediate resistance is seen at the 100-day exponential moving average at $2,352, protecting the path toward the more significant barrier at the 200-day exponential moving average around $2,608. On the downside, initial support is at the 50-day exponential moving average near $2,216, as any sustained break below this level would expose Ethereum to further decline. Conversely, staying above the 50-day exponential moving average will keep the door open for another attempt to push toward the $2,352 zone and possibly higher.

Regarding XRP, its price has stabilized at $1.44, supported by the 50-day exponential moving average at $1.42 and the 23.6% Fibonacci retracement level at $1.4208, which lies between the high of $2.42 on January 6 and the low of $1.12 on February 6. XRP maintains a slight short-term bullish trend, although it is currently trading below the 100- and 200-day exponential moving averages at $1.54 and $1.80, respectively.

The positive MACD indicator on the daily chart, with the (RSI) around 57, indicates increasing bullish momentum. However, broader gains remain limited due to higher moving averages and Fibonacci correction barriers.

Daily chart of XRP/USDT pair

On the downside, initial support is observed at the 23.6% Fibonacci retracement level at $1.42, supported by the 50-day exponential moving average at $1.41, which is just below. Further decline could retest the previous trendline break area near $1.31 before reaching the February 6 low at $1.12. On the upside, initial resistance appears at the 100-day exponential moving average at $1.54, followed by the 38.2% Fibonacci retracement at $1.61, and then the 200-day exponential moving average at $1.80.
$ETH ‌
$XRP ‌