For the day ahead
Ethereum would need to move through to $125.8 levels to support a run at the first major resistance level at $131.65.
Support from the broader market would be needed, however, for Ethereum to breakout from the morning high $123.75.
Barring another broad-based crypto rally, resistance at $130 would likely leave Ethereum short of the first major resistance level.
Failure to move through to $125.80 levels could see Ethereum struggle throughout the day.
A fall back through to sub-$120.00 would bring the first major support level at $117.39 into play.
Barring an extended crypto sell-off, however, Ethereum should steer well clear of the second major support level at $111.49.
Looking at the Technical Indicators
Major Support Level: $117.39
Major Resistance Level: $131.65
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 4.53% on Sunday. Partially reversing an 8.18% slide from Saturday, Ripple’s XRP ended the week down 25.06% at $0.15358.
A mixed start to the day saw Ripple’s XRP fall to an early morning intraday low $0.14534 before rising to a mid-day high $0.1600.
Steering clear of the major support levels, Ripple’s XRP broke through the first major resistance level at $0.1569.
Ripple’s XRP fell back to sub-$0.15 levels in the afternoon before striking a late intraday high $0.16597.
The rally saw Ripple’s XRP break through the first major resistance level and second major resistance level at $0.1671 before sliding back.
Ripple’s XRP fell back through the major resistance levels to wrap up the week at sub-$0.1540 levels.
At the time of writing, Ripple’s XRP was down by 2.66% to $0.14950. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.15383 before falling to a low $0.14900.
Ripple’s XRP left the major support and resistance levels untested early on.
