EOS, Ethereum and Ripple’s XRP

For the day ahead

Ethereum would need to move through to $205 levels to bring the first major resistance level at $207.59 into play.

Support from the broader market would be needed, however, for Ethereum to break out from the morning high $203.99

Barring an extended crypto rally, the first major resistance level would likely leave Ethereum short of $210 levels.

Failure to move through to $205 levels could see Ethereum give up the early gains.

A fall back through to sub-$203 levels would bring the first major support level at $194.56 into play before any recovery.

Barring a crypto meltdown, however, Ethereum should steer clear of the second major support level at $189.85.

Looking at the Technical Indicators

Major Support Level: $194.56

Major Resistance Level: $207.59

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 2.29% on Wednesday. Following on from a 0.55% fall on Tuesday, Ripple’s XRP ended the day at $0.21198.

Recovering from an early morning low $0.21469, Ripple’s XRP struck a late morning intraday high $0.22241 before hitting reverse.

Ripple’s XRP broke through the first major resistance level at $0.2218 before sliding to a final hour intraday low $0.21000.

The reversal saw Ripple’s XRP slide through the first major support level at $0.2124.

At the time of writing, Ripple’s XRP was up by 1.39% to $0.21492. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.20981 before striking a high $0.21492.

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