Just now, I looked at the XRP chart and noticed an interesting technical signal: the 50-day moving average has fallen below the 200-day line. This is the death cross that traders always talk about, and it usually indicates further sell-offs. However, the situation has eased somewhat in the past few hours. XRP is currently trading at around $1.46 and is even up nearly 2 percent today. This is interesting because the market was previously under significant pressure, with over $515 million in liquidations in 24 hours. The entire crypto market had lost about $128 billion in market capitalization, triggered by higher producer prices. On the hourly chart, you can see that the RSI is heavily oversold, which typically signals a recovery rally. The key levels to watch are $1.11, $1.67, and $2.27. It could be an interesting week if the death cross here resolves itself.

- Technical overview of altcoins: Ethereum and XRP maintain recovery momentum: Ethereum is trading at $2,387, maintaining a short-term bullish trend, as the price stays above the 50-day and 100-day exponential moving averages at around $2,223 and $2,355 respectively, and well above the broken downward resistance line around $2,153. Momentum conditions support this positive outlook, with the Relative Strength Index (RSI) near 60 on the daily chart, and the MACD indicator chart showing a slight positive trend, indicating buyers still dominate the market. Daily chart of ETH/USDT pair On the bullish side, the peak recorded last week at $2,465 represents the next major hurdle, followed by the 200-day exponential moving average at $2,646, where medium-term sellers may attempt to regain control. On the downside, immediate support is first seen at the 100-day exponential moving average near $2,355, followed by the 50-day exponential moving average around $2,223. Any deeper pullback toward the previous downtrend breakout zone at $2,153 is likely to attract new buying interest as long as this area remains intact. On the other hand, XRP is trading at $1.45, surpassing the 50-day exponential moving average at $1.41. However, the digital currency used for financial transfers remains confined between the higher 100-day exponential moving average at $1.54 and the 200-day exponential moving average at $1.78, keeping the overall trend tilted downward despite the recent rise. Notably, the MACD chart remains in positive territory on the daily chart, while the Relative Strength Index approaches 59, indicating improving bullish pressure but not yet in overbought territory. Daily chart of XRP/USDT pair On the bullish side, initial resistance appears at the 100-day exponential moving average, around $1.54, with a stronger barrier higher up at the 200-day exponential moving average, around $1.78, where the long-term downtrend remains in place. On the downside, immediate support is at the 50-day exponential moving average, around $1.41. A sharp decline below this level would reveal a deeper correction and suggest that the recent rebound is losing momentum. $ETH ‌ $XRP ‌

- Cryptocurrency Today: Bitcoin, Ethereum, and XRP Gain After US Ceasefire Extension Cryptocurrency prices are gradually rising on Wednesday, with Bitcoin surpassing the $78,000 mark, a key level, at the time of writing this report. Ethereum shows signs of continued recovery, trading near $2,400, while Ripple hovers above the immediate support level regained at $1.45. - Trump extends ceasefire between the United States and Iran, sparking optimism about the recovery of Bitcoin, Ethereum, and Ripple. U.S. President Donald Trump announced on Tuesday that he has extended the ceasefire in the war with Iran "until their leaders and representatives can reach a unified proposal." Although the second round of peace talks in Islamabad, Pakistan, remains unconfirmed, Vice President J.D. Vance is expected to lead the U.S. delegation when they convene. Meanwhile, Iran has not confirmed its participation in the peace talks, citing ongoing U.S. sanctions on its ports and what the Iranian regime describes as negotiations under "threat." The extension of the ceasefire has boosted market sentiment in the crypto space, with the total market capitalization rising by 1.8% over the past 24 hours to $2.7 trillion, according to CoinGecko data. Overall, a mood of fear prevailed on Wednesday, after reaching a peak of fear last week, as shown by the Crypto Fear & Greed Index. The steadily increasing sentiment could enhance risk appetite, increasing the likelihood of an extended recovery. Crypto Fear & Greed Index | Source: Alternative - Today’s Chart: Bitcoin Nears Breaking the Psychological Resistance Level of $80,000: Bitcoin is currently trading at $78,145, maintaining a short-term bullish trend, as its price exceeds the 50-day and 100-day exponential moving averages (EMA), which are at $72,351 and $75,379, respectively. Both moving averages support this positive trend, although the 200-day EMA, at $82,574, still limits potential gains. The Relative Strength Index (RSI) at 65 on the daily chart indicates a bullish trend without signaling overbought conditions, while the Moving Average Convergence Divergence (MACD) remains positive, suggesting strong bullish momentum. Daily BTC/USDT Chart In the bullish scenario, the first resistance level is at the psychological barrier of $80,000, followed by the 200-day EMA at $82,574, which represents the next significant hurdle for buyers and a potential profit-taking zone if tested. On the downside, immediate support is at the 100-day EMA near $75,379, while the 50-day EMA at $72,351 provides deeper support for the trend. A daily close below these moving averages would weaken the current bullish structure and indicate a broader correction phase.