For the day ahead
Ethereum would need to break back through the second major resistance level at $218.49 to bring $220 levels into play.
Support from the broader market would be needed, however, for Ethereum to break out from the morning high $219.48.
Barring an extended crypto rally, the second major resistance level and resistance at $220 should limit any upside.
Failure to break back through the second major resistance level could see Ethereum hit reverse.
A fall back through sub-$213.50 levels would bring the first major support level at $211.35 into play before any recovery.
Barring a crypto meltdown, however, Ethereum should steer clear of the second major support level at $208.45.
Looking at the Technical Indicators
Major Support Level: $211.35
Major Resistance Level: $216.37
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 2.80% on Saturday. Following on from a 2.94% rally on Friday, Ripple’s XRP ended the day at $0.22392.
A mixed start to the day saw Ripple’s XRP fall to a mid-morning intraday low $0.21541 before finding support.
Steering clear of the first major support level at $0.2112, Ripple’s XRP rallied to a late afternoon intraday high $0.22557.
Ripple’s XRP broke through the first major resistance level at $0.2245 before falling back to sub-$0.2210 levels.
Finding late support, however, Ripple’s XRP bounced back to wrap up the day at $0.2230 levels.
At the time of writing, Ripple’s XRP was up by 0.70% to $0.22548. A bullish start to the day saw Ripple’s XRP rally from an early morning low $0.22337 to a high $0.22684.
Ripple’s XRP left the major support and resistance levels untested early on.
