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 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.