For the day ahead
Ethereum would need to avoid a fall through the $380.88 pivot to support a run at the first major resistance level at $406.27.
Support from the broader market would be needed, however, for Ethereum to break out from Friday’s high $400.80.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
Failure to avoid a fall through the $406.27 pivot would bring the 38.2% FIB of $367 and the first major support level at $360.97 into play.
Barring another extended sell-off, however, Ethereum should avoid sub-$360 levels. The second major support level sits at $335.58.
Looking at the Technical Indicators
First Major Support Level: $360.97
Pivot Level: $380.88
First Major Resistance Level: $406.27
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 3.82% on Friday. Partially reversing an 11.35% tumble from Thursday, Ripple’s XRP ended the day at $0.2406.
Tracking the broader market, Ripple’s XRP fell to an early morning low $0.24080 before making a move.
Steering well clear of the first major support level at $0.2289, Ripple’s XRP rallied to a late morning intraday high $0.26590.
Falling short of the first major resistance level at $0.2684, Ripple’s XRP slid to an early afternoon intraday low $0.24033
Continuing to steer clear of the first major support level at $0.2289, Ripple’s XRP recovered to $0.254 levels.
At the time of writing, Ripple’s XRP was up by 1.78% to $0.25857. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.25384 to a high $0.25857.
Ripple’s XRP left the major support and resistance levels untested early on.