EOS, Ethereum and Ripple’s XRP

Fibo Quantum

For the day ahead

Ethereum would need to move back through to $200.50 levels to bring the first major resistance level at $209.67 into play.

Support from the broader market would be needed, however, for Ethereum to break out from the morning high $198.62.

Barring a broad-based crypto rebound, the first major resistance level and Thursday’s high $211.52 would likely limit any upside.

Failure to move through to $200.50 levels could see Ethereum slide deeper into the red.

A fall back through Thursday’s low $191.27 would bring the first major support level at $189.42 into play.

Barring another extended crypto sell-off, however, Ethereum should steer well clear of the second major support level at $180.22.

Looking at the Technical Indicators

Major Support Level: $189.42

Major Resistance Level: $209.67

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 3.51% on Thursday. Following on from a 1.67% decline on Wednesday, Ripple’s XRP ended the day at $0.19423.

Tracking the broader market, Ripple’s XRP rose to an early morning intraday high $0.20280 before hitting reverse.

Falling short of the first major resistance level at $0.2060, Ripple’s XRP slid to a late intraday low $0.18918.

Ripple’s XRP fell through the first major support level at $0.1970 and the second major support level at $0.19260.

Finding late support, Ripple’s XRP broke back through the second major support level to $0.1955 levels before easing back.

In the final hour, Ripple’s XRP fell back through the second major support level to close out at sub-$0.1950 levels.

At the time of writing, Ripple’s XRP was down by 0.31% to $0.19363. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.19422 to a low $0.19344.

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