- Altcoin Update: Ethereum and XRP Poised to Regain Momentum:

Ethereum is trading above the $3,200 level at the time of writing on Thursday, supported by a rebound in ETF inflows and moderately positive sentiment in the broader cryptocurrency market.

The Relative Strength Index (RSI) at 52 has entered the bullish zone on the daily chart, indicating that bulls are gaining momentum. At the same time, the MACD indicator maintains a buy signal with the blue line above the red signal line. Increasing green histogram bars further reinforce the bullish momentum.

However, the smart contract token is also settling below the 50-day Exponential Moving Average at $3,361, the 200-day EMA at $3,476, and the 100-day EMA at $3,560, supporting a bearish trend. A reversal below the overall support level of $3,000 remains possible unless Ethereum turns its 50-day EMA into a support level.

ETH/USDT Daily Chart

Meanwhile, Ripple (XRP) is trading below the declining 50-day EMA at $2.31, the 100-day EMA at $2.47, and the 200-day EMA at $2.49, confirming a bearish bias. The MACD indicator’s histogram bars show a slight positive signal on the daily chart, with the blue line just above the red signal line, indicating a temporary momentum correction.

XRP/USD Daily Chart

The Relative Strength Index (RSI) at 47 (neutral) is declining, suggesting limited continuation without new buying pressure. Furthermore, bearish pressure may persist as the SuperTrend level at $2.40 blocks recovery attempts.