EOS, Ethereum and Ripple’s XRP

Fibo Quantum

For the day ahead

Ethereum would need to move through to $203.20 levels to bring the first major resistance level at $207.10 into play.

Support from the broader market would be needed, however, for Ethereum to break out from the morning high $203.17.

Barring an extended crypto rally, the first major resistance level would likely limit any upside.

Failure to move through to $203.20 levels could see Ethereum slide into the red.

A fall through the morning low $198.01 would bring the first major support level at $195.73 into play.

Barring an extended crypto sell-off, however, Ethereum should steer well clear of the second major support level at $191.83.

Looking at the Technical Indicators

Major Support Level: $195.73

Major Resistance Level: $207.10

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 3.27% on Sunday. Following on from a 0.90% decline on Saturday, Ripple’s XRP ended the week down by 4.45% to $0.19228.

Tracking the broader market, Ripple’s XRP rose to an early morning intraday high $0.20161 before taking a hit.

Ripple’s XRP broke through the first major resistance level at $0.2012, before falling to a late afternoon low $0.19467.

The reversal saw Ripple’s XRP fall through the first major support level at $0.1970 and the second major support level at $0.1954.

Finding support late on, Ripple’s XRP briefly recovered to $0.1980 levels before a final hour sell-off to an intraday low $0.19228.

Ripple’s XRP fell back through the first major support level and second major support level to end the day at sub-$0.1930 levels.

At the time of writing, Ripple’s XRP was up by 0.55% to $0.19334. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.18928 before striking a high $0.19449.

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