For the day ahead
Ethereum would need to avoid a fall through the $322.65 pivot to support a run at the first major resistance level at $333.93.
Support from the broader market would be needed, however, for Ethereum to break back through to $330 levels
Barring another extended crypto rally, the first major resistance level and Monday’s high $334.34 should cap any upside.
Failure to avoid a fall through the $322.65 pivot would bring the first major support level at $310.97 into play.
Barring an extended sell-off, however, Ethereum should steer clear of sub-$300 levels. The first major support level at $310.97 should limit any downside.
Looking at the Technical Indicators
First Major Support Level: $310.97
Pivot Level: $322.65
First Major Resistance Level: $333.93
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 4.33% on Monday. Following on from a 0.28% gain on Sunday, Ripple’s XRP ended the day at $0.2248.
It was a bullish start to the day, with Ripple’s XRP rallying to a mid-day high $0.22348 before hitting reverse.
Ripple’s XRP broke through the first major resistance level at $0.2232 before sliding to a mid-afternoon intraday low $0.20919.
Finding support at the first major support level at $0.2101, Ripple’s XRP rallied to a late intraday high $0.22979.
Ripple’s XRP broke back through the first major resistance level at $0.2232 before sliding back to sub-$0.2230 levels.
Finding late support, however, Ripple’s XRP broke back through the first major resistance level to end the day at $0.224 levels.
At the time of writing, Ripple’s XRP was up by 0.75% to $0.22648. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.22429 to a high $0.22673.
Ripple’s XRP left the major support and resistance levels untested early on.