For the day ahead
Ethereum would need to move through the $384.17 pivot to support a run at the first major resistance level at $393.16.
Support from the broader market would be needed, however, for Ethereum to break back through to $390 levels.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
Failure to move through the $384.17 pivot would bring the first major support level at $375.66 into play.
Barring an extended sell-off, however, Ethereum should steer clear of sub-$360 levels. The 38.2% FIB of $367 and the second major support level at $366.67 should limit any downside.
Looking at the Technical Indicators
First Major Support Level: $375.66
Pivot Level: $384.17
First Major Resistance Level: $393.16
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 0.49% on Friday. Partially reversing a 2.07% gain from Thursday, Ripple’s XRP ended the day at $0.25081.
It was a mixed start to the day. Ripple’s XRP slipped to an early morning low $0.25061 before making a move.
Avoiding sub-$0.25 levels and the major support levels, Ripple’s XRP rallied to a mid-morning intraday high $0.25502.
Falling short of the first major resistance level at $0.2584, Ripple’s XRP slid to a late afternoon intraday low $0.24662.
Finding support at the first major support level at $0.2461, Ripple’s XRP revisited $0.2510 levels before easing back.
At the time of writing, Ripple’s XRP was down by 0.40% to $0.24981. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.25072 to a low $0.24934.
Ripple’s XRP left the major support and resistance levels untested early on.
