EOS, Ethereum and Ripple’s XRP

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For the day ahead

Ethereum would need to avoid sub-$204 levels to bring the first major resistance level at $212.36 into play.

Support from the broader market would be needed, however, for Ethereum to break out from the morning high $210.66.

Barring an extended crypto rally, resistance at $215 levels would likely limit any upside.

Failure to avoid sub-$204 levels could see Ethereum slide deep into the red.

A fall through to sub-$204 levels would bring the first major support level at $199.20 into play.

Barring an extended crypto sell-off, however, Ethereum should steer well clear of the second major support level at $191.08.

Looking at the Technical Indicators

Major Support Level: $199.20

Major Resistance Level: $212.36

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 3.30% on Friday. Reversing most of a 3.51% slide from Thursday, Ripple’s XRP ended the day at $0.20039.

Tracking the broader market, Ripple’s XRP fell to an early morning intraday low $0.19208 before making a move.

Steering clear of the first major support level at $0.1880, Ripple’s XRP rallied to a late afternoon intraday high $0.20257.

Ripple’s XRP broke through the first major resistance level at $0.2016 before falling back to sub-$0.20 levels.

In spite of a final hour recovery to $0.20 levels, Ripple’s XRP failed to break back through the first major resistance level.

At the time of writing, Ripple’s XRP was up by 0.56% to $0.20152. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.20035 to a high $0.20195.

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



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