EOS, Ethereum and Ripple’s XRP

For the day ahead

Ethereum would need to avoid a fall through the $226.30 pivot to support a run at the first major resistance level at $231.53.

Support from the broader market would be needed, however, for Ethereum to break out from Monday’s high $229.98.

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

Failure to avoid a fall through the $226.30 pivot could see Ethereum return to the red.

A fall back through to sub-$225 levels would bring the first major support level at $222.53 into play.

Barring another extended sell-off, Ethereum should steer clear of sub-$215 levels. The second major support level at $217.26 should limit any downside.

Looking at the Technical Indicators

Major Support Level: $222.53

Major Resistance Level: $231.53

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 0.16% on Monday. Following a 1.07% gain on Sunday, Ripple’s XRP ended the day at $0.17733.

Tracking the broader market, Ripple’s XRP rose to an early morning high $0.17815 before hitting reverse.

Falling short of the major resistance levels, Ripple’s XRP slid to a late morning intraday low $0.17519 before finding support.

Steering clear of the first major support level at $0.1734, Ripple’s XRP rallied to a late intraday high $0.17958.

Ripple’s XRP came within range of the first major resistance level at $0.1803 before easing back to sub-$0.1780 levels.

At the time of writing, Ripple’s XRP was up by 0.05% to $0.17742. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.17759 before falling to a low $0.17734.

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

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