EOS, Ethereum and Ripple’s XRP

Fibo Quantum

For the day ahead

Ethereum would need to avoid sub-$193 levels to support a run at the first major resistance level at $199.76.

Support from the broader market would be needed, however, for Ethereum to break out from Saturday’s high $198.20.

Barring an extended crypto rally the first major resistance level and Saturday’s high would likely limit any upside.

Failure to avoid sub-$193 levels could see Ethereum hit reverse.

A fall back through to sub-$192.85 levels would bring the first major support level at $187.53 into play before any recovery.

Barring a crypto meltdown, however, Ethereum should steer clear of the second major support level at $180.63.

Looking at the Technical Indicators

Major Support Level: $187.53

Major Resistance Level: $199.76

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 0.38% on Saturday. Following on from a 0.50% gain on Friday, Ripple’s XRP ended the day at $0.19418.

A bearish start to the day saw Ripple’s XRP fall to an early morning intraday low $0.19165 before making a move.

Steering clear of the first major support level at $0.1915, Ripple’s XRP rallied to an early afternoon intraday high $0.19795.

Ripple’s XRP broke through the first major resistance level at $0.1966 before easing back to sub-$0.1930 levels.

Finding late support, Ripple’s XRP recovered to $0.1940 levels to end the day in the green.

At the time of writing, Ripple’s XRP was up by 0.47% to $0.19510. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.19392 to a high $0.19539.

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