EOS, Ethereum and Ripple’s XRP

Fibo Quantum

For the day ahead

Ethereum would need to move through to $138 levels to support a run at the first major resistance level at $143.60.

Support from the broader market would be needed, however, for Ethereum to break out from the morning high $138.58.

Barring an extended crypto rally, resistance at $140 would likely leave Ethereum short of the first major resistance level.

Failure to move through to $138 levels could see Ethereum fall deeper into the red.

A fall back through to sub-$131.50 levels would bring the first major support level at $124.80 into play.

Barring an extended crypto sell-off, however, Ethereum should steer well clear of sub-$120 support levels.

Looking at the Technical Indicators

Major Support Level: $124.80

Major Resistance Level: $143.60

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 7.77% on Monday. Reversing a 6.47% slide from Sunday, Ripple’s XRP ended the day at $0.15929.

A choppy start to the day saw Ripple’s XRP slide to an early morning intraday low $0.1450 before finding support.

Steering clear of the first major support level at $0.1422, Ripple’s XRP rallied to an early afternoon intraday high $0.16233.

Ripple’s XRP broke through the first major resistance level at $0.1578 before falling back to sub-$0.1540 levels.

Finding support late on, Ripple’s XRP broke back through the first major resistance level to wrap up the day at $0.1590 levels.

At the time of writing, Ripple’s XRP was down by 0.02% to $0.15926. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.16209 before falling to a low $0.15893.

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