- Altcoin Update: Limited Ethereum and XRP Gains:

Ethereum is trading at $2,182 at the time of writing this report on Friday, maintaining stability within a narrow range, with the price above the 50-day exponential moving average at $2,153, but still well below the 100-day EMA at $2,360 and the 200-day EMA at $2,689. This situation indicates only an initial recovery within a broader corrective phase, although the MACD indicator remains in positive territory on the daily chart, and the Relative Strength Index (RSI) near 56 suggests steady bullish momentum, but not overbought.

Daily chart of ETH/USDT pair

On the bullish side, immediate resistance for Ethereum (ETH) lies in the downtrend line area around $2,278, where sellers may regain control, followed by the 100-day EMA at $2,360. A sustained breakout above this last barrier is required to ease overall bearish pressure and reveal the 200-day EMA near $2,689. On the downside, the 50-day EMA at $2,153 provides initial support, as a daily close below this level would weaken the current rebound and open the door for a deeper decline toward previous lows. Conversely, staying above this level keeps the door open for another test of the $2,278 zone.

Regarding XRP, its price hovers around $1.34, maintaining a short-term bearish trend, as the price remains below key moving averages. The 50-day EMA is at $1.42, the 100-day at $1.57, and the 200-day near $1.83, all above this level, indicating that gains will be limited as long as the price stays below this dynamic resistance level.

Momentum is mixed, with the MACD indicator slightly below zero on the daily chart and the RSI around 45, suggesting that upward attempts lack strong conviction despite a slight improvement in the MACD.

Daily chart of XRP/USDT pair

On the upside, initial resistance for XRP is at $1.40, a key level likely to form the first major supply zone. A daily close above this barrier would pave the way toward the 50-day EMA at $1.42, followed by the 100-day EMA at $1.57, with the downtrend line acting as a further obstacle.

In the absence of a clear structural support in the current data set, failure to build a base above $1.33 would make XRP vulnerable to further declines, prompting traders to focus on how the price interacts with nearby exponential moving averages to assess whether the prevailing bearish structure might begin to ease.
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