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06/09 19:24

Altcoins Update: Ethereum and XRP Show Signs Of Re

Altcoins Update: Ethereum and XRP Show Signs Of Recovery 


Ethereum's price has reclaimed support at $2,500, trading at around $2,510 at the time of writing. This uptick, which follows a brief drawdown over the weekend to $2,476, exhibits a strong bullish potential, especially with the RSI approaching the 50 midline.

Traders would look for a daily close above $2,500 in the upcoming sessions to assess the strength of the uptrend. Key areas of interest as the price of ETH rebounds include the resistance at $2,600 and $2,700, respectively. If broken, traders will likely extend the bullish scope to $3,000, nearly 20% above the current market value.
ETHUSDT_2025-06-09_12-58-53-1749465866933.png
Similarly, the XRP price shows signals of extending the rebound from support at around $2.22 while exchanging hands at $2.25 at the time of writing. 

The cross-border money remittance token sits above the 50-period EMA and the 100-period EMA at $2.21 and $2.23, respectively. This position suggests XRP has a bullish bias, and with the MACD indicator sustaining a buy signal since Saturday, the path of least resistance could stay firmly upward.
XRPUSDT_2025-06-09_13-17-05-1749465885134.png
A potential break and daily close above the 200-period EMA at around $2.25 would reinforce the bullish grip. Traders can also monitor the RSI movement toward the overbought region to validate the uptrend's strength and plan accordingly, especially with key levels at $2.40, $2.50 and $2.65 currently in focus.

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