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 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.