EOS, Ethereum and Ripple’s XRP

For the day ahead

Ethereum would need to avoid sub-$247 levels to support a run at the first major resistance level at $251.68.

Support from the broader market would be needed, however, for Ethereum to break out from Wednesday’s high to $250.56.

Barring an extended crypto rally, the first major resistance level at $251.68 and Wednesday’s high should cap any upside.

Failure to avoid sub-$247 levels could see Ethereum give up Wednesday’s gain.

A fall through the $246.90 pivot would bring the first major support level at $243.25 into play.

Barring another extended crypto sell-off, however, Ethereum should steer clear of sub-$240 and the second major support level at $238.37.

Looking at the Technical Indicators

Major Support Level: $243.25

Major Resistance Level: $251.68

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 0.91% on Wednesday. Partially reversing a 1.49% fall from Tuesday, Ripple’s XRP ended the day at $0.20302.

A relatively bullish start to the day saw Ripple’s XRP rise to an early morning high $0.20274 before easing back.

Falling short of the first major resistance level at $0.2045, Ripple’s XRP fell back to $0.2011 levels before making a move.

Through the late afternoon, Ripple’s XRP rallied to an intraday high $0.20389 before sliding to an intraday low $0.19973.

Steering clear of the major support and resistance levels, Ripple’s XRP recovered to $0.2030 levels to end the day in the green.

At the time of writing, Ripple’s XRP was up by 0.09% to $0.20321. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.20311 before rising to a high $0.20321.

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