For the day ahead
Ethereum would need to move back through to $250 levels to bring the first major resistance level at $256.38 into play.
Support from the broader market would be needed, however, for Ethereum to break out from Monday’s high $251.46.
Barring another broad-based crypto rally, the first major resistance level and 23.6% FIB of $257 would likely cap any upside.
Failure to move back through to $250 levels could see Ethereum fall deeper into the red.
A fall through to sub-$243.50 levels would bring the first major support level at $235.51 into play.
Barring another extended crypto sell-off, however, Ethereum should steer clear sub-$240 levels on the day.
Looking at the Technical Indicators
Major Support Level: $235.51
Major Resistance Level: $256.38
23.6% FIB Retracement Level: $257
38.2% FIB Retracement Level: $367
62% FIB Retracement Level: $543
Ripple’s XRP rallied by 4.36% on Monday. Reversing a 2.22% fall from Sunday, Ripple’s XRP ended the day at $0.21124.
A bullish start to the day saw Ripple’s XRP rise from an early morning intraday low $0.20115 to an early morning high $0.20626.
Falling well short of the major resistance levels, Ripple’s XRP fell back to sub-$0.2020 levels before finding support.
A 2nd half of a day rally saw Ripple’s XRP strike a final hour intraday high $0.21300 before easing back.
Ripple’s XRP broke through the first major resistance level at $0.2107 to wrap up the day at $0.211 levels.
At the time of writing, Ripple’s XRP was down by 0.27% to $0.21067. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.21169 before falling to a low $0.21016.
Ripple’s XRP left the major support and resistance levels untested early on.