- Technical outlook on altcoins: Ethereum and XRP may continue to decline Ethereum is trading at $2,343, maintaining a short-term bullish trend, as it trades above the 50-day exponential moving average at $2,227. The smart contract token also broke above a long-term downtrend resistance line, which now acts as a key structural support around $2,108. Slightly positive MACD readings on the daily chart, along with the RSI close to 57, indicate building bullish momentum, although the high MFI around 74 warns that the rally could be limited in the short term. Daily chart of the ETH/USDT pair On the bullish side, immediate resistance is at the 100-day exponential moving average near $2,354. The 200-day EMA at $2,646, representing a further barrier, defines the broader recovery threshold. On the downside, initial support is seen around the weekly open price at $2,263, followed by stronger support at the 50-day EMA at $2,227. A larger pullback toward the previous downtrend breakout zone near $2,108 is expected to attract buying on dips, while the overall bullish trend remains intact. Meanwhile, XRP is hovering around $1.42, holding slightly above the 50-day EMA at $1.41. The remittance token maintains an initial bullish bias, although its overall structure remains confined between the 100-day EMA at $1.54 and the 200-day EMA at $1.78. Momentum shows slight support, with the RSI slightly above the midline near 54 on the daily chart, while the MACD remains in positive territory, indicating ongoing but moderate upward pressure. However, the rising money flow index to around 80 suggests overbought conditions, warning that buyers may face exhaustion due to overhead resistance. Daily chart of the XRP/USDT pair On the bullish side, initial resistance is at the weekly high of $1.46, followed by the 100-day EMA near $1.54, which guards the path toward the more significant 200-day EMA at $1.78. On the downside, the 50-day EMA at $1.41 provides immediate support. A sustained break below this level could lead XRP into a deeper correction phase. ( ‌ ) ‌US-based ETF investment funds experienced a six-day consecutive inflow wave, recording $1.54 billion in net cash inflows. ()()$ETH $XRP

The SEC's recognition of cryptocurrencies as digital assets seems like a major victory for the industry, but the real question is: how long will this clarity last? Paul Atkins moved quickly after taking office as SEC chairman. He issued a new classification stating that Bitcoin, Ether, Solana, and XRP are not securities. The crypto industry has been wanting this for years and has finally succeeded. The tough stance of the Gensler era is now behind us. However, Atkins's term ends in 2031. This means a future SEC chairman could reverse these sec coin decisions. The industry is well aware of this. That’s why everyone is pushing for the passage of the Clarity Act—so these decisions can be codified by Congress and not easily changed by a future SEC head. The problem is: after the November elections, Democrats could take control of Congress. Polls suggest this is a high probability. And Democrats are generally more skeptical of crypto. If that happens, the regulatory work on sec coins on Capitol Hill could stall. Polymarket investors see only a 63% chance of the Clarity Act being enacted into law by 2026. This could mean a deadlock until the 2028 presidential election. Who will replace Trump and whether Atkins’s crypto-friendly approach will continue remains uncertain. Crypto lobbyists said this week they are not worried. Cody Carbone, head of the crypto defense group at the Digital Chamber, claimed that signals coming from Congress are aligned with the SEC’s position. Wyoming Senator Cynthia Lummis also said on Friday that it’s too late to go back to regulatory uncertainty. These statements are reassuring, but the reality is more complex. The SEC’s current sec coin decisions are good, but without legislation, it all depends on the preferences of a single SEC chairman. The industry is working to eliminate this uncertainty, but the political environment is unpredictable. We’ve won in the short term, but the fight continues in the long run.