Major altcoins in the digital asset market are currently defending critical technical support levels as buyers try to regain control. Ripple, Cardano, and Solana are trading above key exponential moving averages, although softening momentum indicators suggest caution among market participants. While Bitcoin maintains its footing above the $77,000 mark, select tokens across the broader crypto space such as Arbitrum and Pyth Network have registered impressive double-digit gains over the last 24 hours.
Ripple (XRP) Faces 200-Day EMA Resistance
Ripple has been gradually edging higher, trading around $1.3685. The token continues to sustain a positive short-term posture as it holds above its 50-day Exponential Moving Average (EMA) at $1.2227 and 100-day EMA at $1.2191.
However, XRP faces immediate overhead resistance at its 200-day EMA, located at $1.3827. On Thursday, price action retested this key hurdle near $1.38. A decisive and confirmed breakout above $1.3827 would pave the way for XRP to extend its recovery toward the August 23 high of $1.5507.
Technical indicators reflect some cooling in upward momentum. The Moving Average Convergence Divergence (MACD) indicator has dipped below its signal line with an expanding negative histogram. Concurrently, the Relative Strength Index (RSI) has pulled back to near 60 from overbought territory toward neutral levels. Downside demand is expected near the dynamic support cluster of the 50-day and 100-day EMAs ($1.2227 and $1.2191), with deeper structural support anchored around the previous breakout zone near $1.0573.
Cardano (ADA) Defends Trendline Amid Mild Rebound
Cardano is showing signs of a near-term recovery, advancing nearly 2% on Thursday following a similar 2% bounce off its 50-day EMA ($0.1924) the previous day. This gradual push preserves a constructive bullish bias in the short term.
ADA continues to trade above both its 50-day EMA ($0.1925) and 100-day EMA ($0.1975), while tracking an upward-sloping trendline support around $0.1838. Momentum indicators indicate waning strength, as the MACD declines below its signal line while remaining slightly above zero, and the RSI eases to 54 in neutral territory.
Immediate resistance and support levels are clearly defined. Initial support lies at the recent $0.2051 mark, while stronger buying demand is clustered around the 100-day EMA ($0.1975) and 50-day EMA ($0.1925).
Solana (SOL) Maintains $100 Benchmark Support
Solana is hovering around the key $100 threshold, maintaining a positive structural bias by holding above a cluster of moving averages. The 50-day, 100-day, and 200-day EMAs are grouped between $83.85 and $93.58, underpinning the broader multi-month uptrend. The horizontal support level at $98.02, established on February 1, continues to act as a floor.
According to live market data, Solana is trading at $100.41, up slightly from its previous close of $99.99, within a 52-week trading range of $60.41 to $148.22. The 14-day RSI stands at 63 (live reading 64), cooling off from overbought levels, while the MACD remains slightly below its signal line.
Should buyers push prices higher, the next significant structural resistance is located at $116.88, a key horizontal line marked by the December 18 low. On the downside, initial support sits at $100 and $98.02, followed by the 200-day EMA near $93.58.
Bitcoin Market Dynamics and Altcoin Highlights
In the broader cryptocurrency market, Bitcoin hovers above $77,000, although its bullish momentum has slowed as its 90-day correlation with Gold has risen to nearly 50%. A Glassnode market analytics report notes that Bitcoin's recovery faces resistance due to a dense supply concentration overhead, despite strong accumulation zones below current price levels.
Meanwhile, technical divergence is visible across other crypto assets. Stellar (XLM) has slipped below a cluster of key moving averages, contrasting with XRP's firmer stance. On the gainers side, Arbitrum and Pyth Network outperformed the general market, securing double-digit percentage gains over the past 24 hours.
