EOS, Ethereum and Ripple’s XRP

Fibo Quantum

For the day ahead

Ethereum would need to move through to $140 levels to support a run at the first major resistance level at $144.43.

Support from the broader market would be needed, however, for Ethereum to break out from the morning high $142.00.

Barring a broad-based crypto rebound, resistance at $140 would likely leave Ethereum short of the first major resistance level.

Failure to move through to $140 levels could see Ethereum fall back into the red.

A fall back through to sub-$138.70 levels would bring the first major support level at $133.31 into play.

Barring an extended crypto sell-off, however, Ethereum should steer well clear of sub-$130 support levels.

Looking at the Technical Indicators

Major Support Level: $133.31

Major Resistance Level: $144.43

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 2.29% on Tuesday. Following on from a 7.77% rally from Monday, Ripple’s XRP ended the day at $0.16290.

A choppy start to the day saw Ripple’s XRP slide to an early morning intraday low $0.15742 before finding support.

Steering clear of the first major support level at $0.1488, Ripple’s XRP rallied to a late morning intraday high $0.16400.

Falling short of the first major resistance level at $0.1661, Ripple’s XRP slid back to sub-$0.1590 levels.

Finding support late on, however, Ripple’s XRP broke back through to $0.16 levels to deliver the upside on the day.

At the time of writing, Ripple’s XRP was down by 0.60% to $0.16193. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.16075 before striking a high $0.16399.

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