- Technical overview of altcoins: Ethereum and XRP are under pressure: Ethereum is trading at $2,317, surpassing the 50-day exponential moving average at $2,230, and breaking the previous downtrend resistance level near $2,310, which leans slightly in favor of buyers in the short term, while the price is consolidating below stronger support levels. The Relative Strength Index (RSI) on the daily chart at 54 indicates slight positive pressure. However, the MACD indicator has fallen into the negative zone, suggesting that upward attempts may not be completed unless renewed buying interest appears. Daily chart of ETH/USDT pair On the bullish side, immediate resistance is at the 100-day exponential moving average around $2,354. A decisive daily close above this barrier would pave the way toward the more important 200-day exponential moving average at $2,575, where the overall downtrend remains intact. On the downside, initial support is observed at the last trendline break level near $2,310, with the 50-day exponential moving average at $2,230 serving as a more significant technical support. Meanwhile, XRP is trading at $1.43, maintaining a neutral bullish trend in the short term, as the price stays above the 50-day exponential moving average at $1.41, and the simple moving average of Bollinger Bands over 20 days at $1.39. Momentum conditions indicate a positive trend, with the Relative Strength Index (RSI) around 56 on the daily chart, while the MACD indicator is in the positive zone. Furthermore, the Money Flow Index (MFI) close to 74 suggests increasing buying pressure as the price continues to rise within the upper half of the Bollinger Bands range. Daily chart of XRP/USDT pair On the bullish side, immediate resistance is at the upper Bollinger Band around $1.48, where a clear daily close above this level would open the way toward the 100-day exponential moving average at $1.53, before a further barrier at the 200-day exponential moving average near $1.77. On the downside, initial support is observed at the current area and today’s opening price near $1.43, followed by the 50-day exponential moving average at $1.41, then the middle Bollinger Band around $1.39. Breaking this last area would reveal support at the lower Bollinger Band near $1.30, indicating a deeper correction phase. $ETH ‌ $XRP ‌

XRP Stuck at $1.43 While Bitcoin Rockets Past $77K, Raising Structural Concerns - - #btc #xrp #xrpbtc

- Retail sector demand declines as Bitcoin, Ethereum, and Ripple prices fall: Retail investors’ interest in Bitcoin is slipping, with open interest in perpetual futures contracts falling to $59.63 billion on Friday, from $62.67 billion the day before. The gradual rise in open interest from its lowest monthly level of $46.40 billion on April 4, alongside Bitcoin’s price moving above $79,000 this week, points to strong support from retail investors. If the current correction continues, the market pressure may increase due to the strength of Bitcoin’s recovery, further deepening the pullback. Daily trading information for Bitcoin futures | Source: CoinGlass The decline in open interest for Ethereum futures contracts to $30.98 billion on Friday, after hitting a weekly high of $32.41 billion the previous day, has led to reduced demand from retail investors. This drop also indicates weakening investor confidence in Ethereum’s ability to sustain its recovery, as most traders prefer closing positions rather than opening new ones. Open interest data for Ethereum futures | Source: CoinGlass Meanwhile, demand for XRP derivatives remains weak, with the average perpetual open interest volume at $2.57 billion on Friday. Open interest has remained relatively stable at this level since Monday after falling from $2.80 billion, the highest monthly level. Therefore, maintaining XRP’s recovery may be difficult, making this digital asset highly susceptible to heavy selling pressure. Daily trading information for XRP futures | Source: CoinGlass $BTC ‌ $ETH ‌ $XRP ‌