EOS, Ethereum and Ripple’s XRP

Fibo Quantum

For the day ahead

Ethereum would need to break back through the morning high $232.20 to bring the first major resistance level at $236.97 into play.

Support from the broader market would be needed, however, for Ethereum to break back through to $230 levels.

Barring a broad-based crypto rally, the first major resistance level at $236.97 should leave Ethereum short of $240 levels.

Failure to move back through the morning high could see Ethereum give up the early gains.

A fall through back through the morning low to sub-$225.30 levels would bring the first major support level at $215.70 into play.

Barring an extended crypto sell-off, however, Ethereum should steer clear of sub-$210 support levels.

Looking at the Technical Indicators

Major Support Level: $215.70

Major Resistance Level: $236.97

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Ripple’s XRP

Ripple’s XRP fell by 0.48% on Friday. Partially reversing a 3.81% gain from Thursday, Ripple’s XRP ended the day at $0.23764.

Tracking the broader market, Ripple’s XRP rose to an early morning intraday high $0.24450 before hitting reverse.

Falling short of the first major resistance level at $0.2490, Ripple’s XRP slid to a mid-day intraday low $0.2290.

Steering clear of the first major support level at $0.2261, Ripple’s XRP recovered to $0.24 levels before falling back into the red.

At the time of writing, Ripple’s XRP was up by 0.28% to $0.23830. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.24144 before falling to a low $0.23660.

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