- Technical Outlook on Altcoins: Ethereum and XRP Rebound Gaining Momentum:

Ethereum, the leading smart contract platform, remains stable above the $2000 level, indicating a moderate bullish outlook, with the price holding above its weekly low of $1800.
The MACD indicator remains above its signal line on the daily chart, with a slight expansion in the green bars, suggesting increasing bullish momentum.

Meanwhile, the Relative Strength Index (RSI) stays around 46, just below the neutral level, but has moved up from the oversold zone, indicating diminishing downward pressure rather than new selling.

Additionally, Ethereum's price remains confined below the broader descending resistance line drawn from its all-time high of $4956, keeping the recovery within a long-term bearish trend.
Initial resistance is near $2150, coinciding with Wednesday’s high. A breakout above this level would reveal the next resistance around the 50-day exponential moving average at $2379.

On the downside, immediate support is at $2000, with a daily close below opening the way toward Monday’s low of $1958, and the last support around $1800.

Daily chart of ETH/USDT

As for XRP, its price is fluctuating around $1.45, up from its weekly low of $1.31. With the MACD line remaining above the signal line on the daily chart and the green bars expanding, the bullish trend is likely to continue toward $1.54, following failed recovery attempts on February 6.

The RSI has risen toward 46 from the oversold area on the same chart, indicating a slight improvement in bullish momentum within a prevailing downtrend. A decisive breakout of this resistance zone could narrow XRP’s gap and test the 50-day exponential moving average at $1.63, and the 100-day EMA at $1.84.

Daily chart of XRP/USDT

On the downside, the initial support level is at $1.42, the lowest point of the day, before the weekly low at $1.31. As long as the price remains above this support zone, the short-term bullish trend may persist.