For the day ahead
Ethereum would need to avoid a fall through the $434 pivot to support a run at the first major resistance level at $450.35.
Support from the broader market would be needed, however, for Ethereum to break out from Friday’s high $445.45.
Barring an extended crypto rally, the first major resistance level should continue to cap any upside.
A fall through the $434 pivot would bring the first major support level at $422.42 into play.
Barring an extended sell-off, however, Ethereum should steer clear of sub-$400 levels. The second major support level at $406 should limit any downside.
Looking at the Technical Indicators
First Major Support Level: $422.42
Pivot Level: $434
First Major Resistance Level: $450.35
23.6% FIB Retracement Level: $257
38.2% FIB Retracement Level: $367
62% FIB Retracement Level: $543
Ripple’s XRP
Ripple’s XRP rose by 1.83% on Friday. Following on from a 4.51% rally on Thursday, Ripple’s XRP ended the day at $0.30032.
Tracking the broader market, Ripple’s XRP fell to an early morning intraday low $0.29028 before making a move.
Steering clear of the first major support level at $0.2800, Ripple’s XRP rallied to a late intraday high $0.30740.
Ripple’s XRP broke through the first major resistance level at $0.3029 before falling back to sub-$0.30 levels.
A late recovery saw Ripple’s XRP move back through to $0.30 levels to end the day with another solid gain.
At the time of writing, Ripple’s XRP was up by 0.89% to $0.30299. A bullish start to the day saw Ripple’s XRP rally from an early morning low $0.30056 to a high $0.30548.
Ripple’s XRP left the major support and resistance levels untested early on.
