- Technical Outlook on Altcoins: Ethereum and XRP Continue to Recover:

Ethereum's price is rising toward the psychological resistance level at $2000, with bullish momentum increasing from its lowest point of the day at $1932. Although the leading smart contract token is trading sideways within a support range around $1900 and resistance near $2000, the MACD indicator remains above the signal line on the daily chart, indicating increasing bullish momentum. The green histogram bars are expanding above the MACD zero line, encouraging investors to increase their investments.

However, traders should pay attention to the 50-day Exponential Moving Average (EMA) at $2492, the 100-day EMA at $2818, and the 200-day EMA at $3060, which suggest that Ethereum's overall trend remains mostly bearish. A break above the 50-day EMA would strengthen the bullish trend.

Daily chart of ETH/USDT

XRP is trading at $1.42, maintaining stability below the 50-day EMA at $1.69, the 100-day EMA at $1.90, and the 200-day EMA at $2.11, which keeps the overall bearish trend in place. This downward pattern of moving averages continues to limit any rebounds as they continue to slope downward. Meanwhile, the MACD indicator remains above the signal line on the daily chart, with a slight increase in histogram bars, indicating stabilized momentum. Conversely, the Relative Strength Index (RSI) remains at 40 below 50 on the same chart, suggesting continued bearish pressure.

Daily chart of XRP/USDT

The downtrend line from the $3.66 all-time high limits the recovery, with resistance at $2.08. The Parabolic SAR indicator is below the price at $1.26, providing initial support and a reference for placing trailing stop-loss orders. A daily close above the trend line could open the way toward the 50-day EMA at $1.69, while failure to reclaim it would see sellers continue testing the SAR baseline, maintaining the overall bearish trend.