EOS, Ethereum and Ripple’s XRP

For the day ahead

Ethereum would need to avoid a fall through the $223.35 pivot to support a run at the first major resistance level at $229.34.

Support from the broader market would be needed, however, for Ethereum to break out from Sunday’s high $227.93.

Barring an extended crypto rally, the first major resistance level should cap any upside.

Failure to avoid a fall through the $223.35 pivot could see Ethereum return to the red.

A fall back through to sub-$220 levels would bring the first major support level at $218.76 into play.

Barring another extended sell-off, Ethereum should steer clear of sub-$215 levels and the second major support level at $212.77.

Looking at the Technical Indicators

Major Support Level: $218.76

Major Resistance Level: $229.34

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Ripple’s XRP

Ripple’s XRP rose by 1.07% on Sunday. Partially reversing a 4.14% slide from Saturday, Ripple’s XRP ended the week down by 4.77% to $0.17704.

It was a relatively bearish start to the day. Ripple’s XRP fell to an early morning intraday low $0.17300 before making a move.

Steering clear of the first major support level at $0.1683, Ripple’s XRP rallied to a late afternoon intraday high $0.17986.

Falling short of the first major resistance level at $0.1829, Ripple’s XRP fell back to sub-$0.1770 levels.

A late move back through to $0.177 levels supported the upside on the day.

At the time of writing, Ripple’s XRP was up by 0.08% to $0.17719. Ripple’s XRP rose from an early morning low $0.17705 to a high $0.17752 before easing back.

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

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