EOS, Ethereum and Ripple’s XRP

For the day ahead

Ethereum would need to move back through to $210.20 levels to bring the first major resistance level at $215.27 into play.

Support from the broader market would be needed, however, for Ethereum to break out from the morning high $211.52.

Barring a broad-based crypto rebound, the first major resistance level and Wednesday’s high $215.50 would likely limit any upside.

Failure to move back through to $210.20 levels could see Ethereum slide deeper into the red.

A fall back through the morning low to sub-$208 levels would bring the first major support level at $204.87 into play.

Barring an extended crypto sell-off, however, Ethereum should steer clear of the second major support level at $199.79.

Looking at the Technical Indicators

Major Support Level: $204.87

Major Resistance Level: $215.27

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Ripple’s XRP

Ripple’s XRP fell by 1.67% on Wednesday. Following on from a 0.19% decline on Tuesday, Ripple’s XRP ended the day at $0.20139.

A relatively bullish start to the day saw Ripple’s XRP rose to a mid-morning intraday high $0.20625 before hitting reverse.

Falling short of the first major resistance level at $0.2072, Ripple’s XRP slid to a mid-afternoon intraday low $0.19722.

Ripple’s XRP fell through the first major support level at $0.2015 and the second major support level at $0.1982.

Finding late support, Ripple’s XRP broke back through the major support levels to $0.2023 levels before easing back.

The late pullback saw Ripple’s XRP fall back through the first major support level.

At the time of writing, Ripple’s XRP was down by 0.38% to $0.20063. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.20280 before falling to a low $0.20032.

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