For the day ahead
Ethereum would need to move back through to $241.40 levels to support a run at the first major resistance level at $245.11.
Support from the broader market would be needed, however, for Ethereum to break out from Saturday’s high $244.52.
Barring a broad-based crypto rally, the first major resistance level and Saturday’s high should cap any upside.
Failure to move through to $241.40 levels could see Ethereum give up Saturday’s gain.
A fall back through the morning low $240.99 would bring the first major support level at $238.26 into play.
Barring an extended crypto sell-off, however, Ethereum should continue to steer clear sub-$230 levels on the day.
The second major support level at $234.54 should limit any downside on the day.
Looking at the Technical Indicators
Major Support Level: $238.26
Major Resistance Level: $245.11
23.6% FIB Retracement Level: $257
38.2% FIB Retracement Level: $367
62% FIB Retracement Level: $543
Ripple’s XRP rose by 0.57% on Saturday. Partially reversing a 0.81% fall from Friday, Ripple’s XRP ended the day at $0.20370.
A mixed start to the day saw Ripple’s XRP fall to an early morning intraday low $0.20104 before finding support.
Steering clear of the first major support level at $0.2006, Ripple’s XRP rallied to a late afternoon intraday high $0.20502.
Coming up against the first major resistance level at $0.20520, Ripple’s XRP fell back to $0.2032 levels and into the red.
Finding late support, however, Ripple’s XRP recovered to $0.2037 levels to wrap up the day in the green.
At the time of writing, Ripple’s XRP was down by 0.01% to $0.20368. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.20383 to a low $0.20332.
Ripple’s XRP left the major support and resistance levels untested early on.