EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – September 22nd, 2020

For the day ahead

Ethereum would need to move through the $349.29 pivot to support a run at the first major resistance level at $367.58.

Support from the broader market would be needed, however, for Ethereum to break back through to $360 levels.

Barring an extended crypto rally, the 38.2% FIB and the first major resistance level would likely cap any upside.

Failure to move through the $349.29 pivot would bring the first major support level at $321.82 into play.

Barring another extended sell-off, however, Ethereum should steer clear the second major support level at $303.53 and sub-$300.

Looking at the Technical Indicators

First Major Support Level: $321.82

Pivot Level: $349.29

First Major Resistance Level: $367.58

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Ripple’s XRP

Ripple’s XRP slid by 6.39% on Monday. Following on from a 1.79% fall on Sunday, Ripple’s XRP ended the day at $0.23075.

It was also a mixed start to the day. Ripple’s XRP rose an early morning intraday high $0.24790 before hitting reverse.

Falling short of the first major resistance level at $0.2510, Ripple’s XRP slid to a late afternoon intraday low $0.2293.

Ripple’s XRP fell through the first major support level at $0.2423 and the second major support level at $0.2380.

Finding support at the third major support level at $0.2293, Ripple’s XRP briefly revisited $0.2336 levels before easing back.

At the time of writing, Ripple’s XRP was up by 0.34% to $0.23153. Tracking the broader market, Ripple’s XRP fell to an early morning low $0.22950 before rising to a high $0.23156.

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