For the day ahead
Ethereum would need to move through the $380.40 pivot to support a run at the first major resistance level at $397.92.
Support from the broader market would be needed, however, for Ethereum to break back through to $390 levels.
Barring an extended crypto rally, the first major resistance level and Friday’s high $398.57 should cap any upside.
Failure to move through the $380.40 pivot would bring the 38.2% FIB and the first major support level at $362.23 into play.
Barring another extended sell-off, however, Ethereum should steer clear of sub-$360 levels. The second major support level sits at $344.71.
Looking at the Technical Indicators
First Major Support Level: $362.23
Pivot Level: $380.40
First Major Resistance Level: $397.92
23.6% FIB Retracement Level: $257
38.2% FIB Retracement Level: $367
62% FIB Retracement Level: $543
Ripple’s XRP slid by 2.87% on Friday. Following a 0.19% gain from Thursday, Ripple’s XRP ended the day at $0.29427.
A bullish start to the day saw Ripple’s XRP rally to a late morning intraday high $0.3100 before hitting reverse.
Ripple’s XRP came up against the first major resistance level at $0.3104 before sliding to a late afternoon intraday low $0.27742.
The reversal saw Ripple’s XRP fall through the first major support level at $0.2963 and the second major support level at $0.2897.
Late in the day, Ripple’s XRP briefly revisited $0.2963 levels before easing back into the deep red. The first major resistance level at $0.2963 pinned Ripple’s XRP back late in the day.
At the time of writing, Ripple’s XRP was down by 0.37% to $0.29317. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.29430 to a low $0.29219.
Ripple’s XRP left the major support and resistance levels untested early on.