EOS, Ethereum and Ripple’s XRP

For the day ahead

Ethereum would need to move through the $222.50 pivot to support a run at the first major resistance level at $229.52.

Support from the broader market would be needed, however, for Ethereum to break out from $225 levels.

Barring an extended crypto rally, the first major resistance level and Saturday’s high $231.1 should cap any upside.

Failure to move through the $222.50 pivot could see Ethereum spend yet another day in the red.

A fall back through to sub-$215 levels would bring the first major support level at $213.58 into play.

Barring another extended sell-off, Ethereum should steer clear of sub-$210 levels and the second major support level at $206.40.

Looking at the Technical Indicators

Major Support Level: $213.58

Major Resistance Level: $229.52

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Ripple’s XRP

Ripple’s XRP slid by 4.14% on Saturday. Reversing a 0.63% gain from Friday, Ripple’s XRP ended the day at $0.17521.

A relatively bullish start to the day saw Ripple’s XRP rise to a mid-morning intraday high $0.18356 before hitting reverse.

Falling short of the first major resistance level at $0.1868, Ripple’s XRP tumbled to a late intraday low $0.16900.

Ripple’s XRP fell through the first major support level at $0.1786 and the second major support level at $0.1745.

Finding late support, Ripple’s XRP broke back through the second major support level to end the day at $0.1750 levels.

At the time of writing, Ripple’s XRP was down by 0.17% to $0.17492. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.17517 to a low $0.17447.

Ripple’s XRP left the major support and resistance levels untested early on.

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