For the day ahead
Ethereum would need to avoid a fall through the $411.45 pivot to support a run at the first major resistance level at $446.43.
Support from the broader market would be needed, however, for Ethereum to break out from Thursday’s high $432.94.
Barring an extended crypto rally, the first major resistance level should cap any upside.
A fall through the $411.45 pivot would bring the first major support level at $390.00 into play.
Barring another extended sell-off, however, Ethereum should steer clear of sub-$400 levels. The second major support level sits at $355.00.
Looking at the Technical Indicators
First Major Support Level: $390.00
Pivot Level: $411.45
First Major Resistance Level: $446.43
23.6% FIB Retracement Level: $257
38.2% FIB Retracement Level: $367
62% FIB Retracement Level: $543
Ripple’s XRP
Ripple’s XRP rallied by 4.51% on Thursday. Reversing a 0.21% decline on Wednesday, Ripple’s XRP ended the day at $0.29507.
Tracking the broader market, Ripple’s XRP rose to an early morning high $0.28587 before hitting reverse.
Falling short of the first major resistance level at $0.2892, Ripple’s XRP fell to a late morning intraday low $0.27282.
Ripple’s XRP fell through the first major support level at $0.2737 before finding support.
Through the 2nd half, Ripple’s XRP rallied to a late intraday high $0.29570.
Ripple’s XRP broke through the first major resistance level at $0.2892 to wrap up the day at $0.29 levels.
At the time of writing, Ripple’s XRP was up by 1.32% to $0.29896. A bullish start to the day saw Ripple’s XRP rally from an early morning low $0.29491 to a high $0.29896.
Ripple’s XRP left the major support and resistance levels untested early on.