EOS, Ethereum and Ripple’s XRP

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

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.