For the day ahead
Ethereum would need to move back through to $210 levels to support a run at the first major resistance level at $211.00.
Support from the broader market would be needed, however, for Ethereum to breakout form Monday’s high $208.65.
Barring a broad-based crypto rally, resistance at $210 would likely leave Ethereum short of the major resistance levels.
Failure to move back through to $210 levels could see Ethereum hit reverse.
A fall back through the morning low $200.77 would bring the first major support level at $192.20 into play.
Barring an extended crypto sell-off, Ethereum should steer clear of sub-$190 levels.
Looking at the Technical Indicators
Major Support Level: $192.20
Major Resistance Level: $211.00
23.6% FIB Retracement Level: $257
38.2% FIB Retracement Level: $367
62% FIB Retracement Level: $543
Ripple’s XRP rose by 2.70% on Monday. Following a 13.56% slide on Sunday, Ripple’s XRP ended the day at $0.21048.
A mixed start to the day saw Ripple’s XRP rise to a late morning intraday high $0.21272 before hitting reverse.
Falling short of the first major resistance level at $0.2276, Ripple’s XRP slid to a mid-afternoon intraday low $0.19901.
Steering clear of the first major support level at $0.1912, Ripple’s XRP bounced back to $0.21 levels.
At the time of writing, Ripple’s XRP was flat at $0.21047. A mixed start to the day saw Ripple’s XRP fall from an early morning high $0.21069 to a low $0.20822.
Ripple’s XRP left the major support and resistance levels untested early on.