- Technical Outlook for Altcoins: Ethereum and XRP Nearing a Breakthrough:

Ethereum's price has risen above $1900, indicating increasing investor interest amid a sharp pullback. The Relative Strength Index (RSI) for the leading smart contract coin by market cap is rising to 24 on the daily chart. Any further increase in the RSI could boost Ethereum's potential for recovery and surpass the next key resistance level at $2000.

However, since the MACD indicator is below the signal line on the same chart, the bearish momentum remains evident and may limit gains. The red histogram bars are expected to continue shrinking, encouraging investors to take on more risk and supporting expectations for Ethereum's recovery.

Overall, a strong downtrend persists, as evidenced by the 50-day Exponential Moving Average (EMA) at $2851, the 100-day EMA at $3077, and the 200-day EMA at $3217. Traders should watch the daily low at $1748, which is expected to provide support and prevent losses from reaching the April 9 low at $1385.

Daily chart of ETH/USDT

As for XRP, bullish traders continue pushing the price above $1.35, supported by the RSI (RSI) rising to 28 in the oversold region. This quick rebound follows the daily low at $1.12, easing the losses suffered by traders during the heavy sell-off on Thursday from $1.51.

Daily chart of XRP/USDT
Despite the gains made during the day, the MACD remains bearish below the signal line. A bullish crossover of the blue MACD line above the red signal line would strengthen the bullish control. A reversal above $1.51 could erase Thursday’s decline and set XRP on a recovery path toward $1.77 and approximately $2.00.