EOS, Ethereum and Ripple’s XRP

Fibo Quantum

For the day ahead

Ethereum would need to move through to $137.20 levels to support a run at the first major resistance level at $141.87.

Support from the broader market would be needed, however, for Ethereum to break back through to $140 levels.

Barring a broad-based crypto rally, the first major resistance level at $141.87 would likely limit any upside.

Failure to move through to $137.20 levels could see Ethereum fall back into the red.

A fall back through the morning low $135.42 would bring the first major support level at $131.58 into play.

Barring an extended crypto sell-off, however, Ethereum should steer well clear of sub-$130 support levels.

Looking at the Technical Indicators

Major Support Level: $131.58

Major Resistance Level: $141.47

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 0.51% on Wednesday. Partially reversing a 2.29% gain from Tuesday, Ripple’s XRP ended the day at $0.16178.

Tracking the broader market, Ripple’s XRP rallied to a late morning intraday high $0.16556 before hitting reverse.

Ripple’s XRP came up against the first major resistance level at $0.1655 before sliding to a late morning intraday low $0.15693.

In the early afternoon, Ripple’s XRP briefly revisited $0.1620 levels before sliding to sub-$0.16 levels.

Finding support at the first major support level at $0.1589, Ripple’s XRP recovered to $0.16 levels to limit the loss on the day.

At the time of writing, Ripple’s XRP was up by 0.06% to $0.16188. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.16308 before falling to a low $0.16058.

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