Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Futures Kickoff
Get prepared for your futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to experience risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
The hand.
Altcoin Update: rise in Ethereum price as Ripple price stabilizes
For XRP, it struggles to maintain a short-term support level at $1.90, despite ongoing institutional interest, as evidenced by the continuous cash flows into ETFs listed in the United States. The cross-border payment currency remains below the 50-day exponential moving average at $2.13, the 100-day exponential moving average at $2.31, and the 200-day exponential moving average at $2.41, all of which are trending downward, confirming the bearish outlook.
The Relative Strength Index is settling at 41 on the daily chart, indicating a bearish trend. A close above the short-term support level at $1.90 may bolster XRP's price stability before the next breakout attempt.
The daily chart for the XRP/USDT pair
In contrast, the MACD indicator on the same chart shows a slight advantage for buyers, with the blue line positioned above the red signal line. The MACD is expected to gradually rise into the bullish zone as the green histogram bars expand above the moving average line, confirming the possibility of XRP's price recovering to surpass $2.00.
Ethereum is trading above $3000 at the time of writing this report on Monday, supported by the rising Relative Strength Index on the daily chart. The Relative Strength Index appears to be on the verge of breaking into the bullish territory, a move that could enhance momentum and support the bullish trend for Ethereum.
The MACD indicator confirmed a buy signal on the same chart, as the blue line crossed above the red signal line. However, traders should be cautious in their bullish expectations, as the MACD indicator is still in the bearish zone, and the green histogram is above the steady average.
The breakout of the 50-day exponential moving average at $3195 will significantly contribute to confirming bullish expectations, and is likely to increase the chances of a sustained price rise above the resistance level resulting from the convergence of the 100-day exponential moving average and the 200-day exponential moving average around $3403.
On the other hand, failing to surpass the 50-day exponential moving average may leave Ethereum vulnerable to headwinds and increase the risk of falling below $3000.
The daily chart for the ETH/USDT pair