For the day ahead
Ethereum would need to move back through to $221 levels to bring the first major resistance level at $224.44 into play.
Support from the broader market would be needed, however, for Ethereum to break back through to $224 levels.
Barring a broad-based crypto rebound, resistance at $224 would likely leave Ethereum short of the first major resistance level.
Failure to move back through to $221 levels could see Ethereum slide deeper into the red.
A fall through the morning low $218.33 would bring the first major support level at $217.16 into play.
Barring an extended crypto sell-off, however, Ethereum should steer clear of the second major support level at $213.70.
Looking at the Technical Indicators
Major Support Level: $217.16
Major Resistance Level: $224.44
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 1.57% on Friday. Reversing a 1.37% gain from Thursday, Ripple’s XRP ended the day at $0.19766.
A bullish start to the day saw Ripple’s XRP rally to an early morning intraday high $0.20340 before hitting reverse.
Coming up against the first major resistance level at $0.2031, Ripple’s XRP slid to a late morning intraday low $0.19640.
Finding support at the first major support level at 0.1968, Ripple’s XRP briefly recovered to $0.199 levels before sliding back to $0.196 levels.
A recovery to $0.197 levels in the final hour, however, limited the downside on the day.
At the time of writing, Ripple’s XRP was down by 0.49% to $0.19670. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.19760 to a low $0.19613.
Ripple’s XRP left the major support and resistance levels untested early on.
