EOS, Ethereum and Ripple’s XRP

For the day ahead

Ethereum would need to avoid sub-$206 levels to bring the first major resistance level at $211.01 into play.

Support from the broader market would be needed, however, for Ethereum to break out from the morning high $208.50.

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

Failure to avoid sub-$206 levels could see Ethereum fall deeper into the red.

A fall through the morning low $207.20 to sub-$206 levels would bring the first major support level at $203.29 into play.

Barring an extended crypto sell-off, however, Ethereum should steer well clear of the second major support level at $198.16.

Looking at the Technical Indicators

Major Support Level: $203.29

Major Resistance Level: $211.01

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 2.19% on Wednesday. Reversing a 1.20% fall from Tuesday, Ripple’s XRP ended the day at $0.19810.

Tracking the broader market, Ripple’s XRP rallied from an early morning intraday low $0.19385 to a late morning intraday high $0.20109.

Ripple’s XRP broke through the first major resistance level at $0.1965 and the second major resistance level at $0.1993.

Coming up short of the third major resistance level at $0.2047, Ripple’s XRP fell back through the major resistance levels to a low $0.19613.

Finding support late in the day, Ripple’s XRP broke back through the first major resistance level to wrap up the day at $0.1980 levels.

At the time of writing, Ripple’s XRP was down by 0.21% to $0.19769. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.19810 to a low $0.19706.

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