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EOS, Ethereum and Ripple’s XRP

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For the day ahead

Ethereum would need to move back through the morning high $290.00 to bring the first major resistance level at $296.12 into play.

Support from the broader market would be needed, however, for Ethereum to break out from Friday’s high $287.98 again.

Barring an extended crypto rally, resistance at $290.00 would likely leave Ethereum short of the first major resistance level.

Failure to move through to $290 levels could see Ethereum slide deeper into the red.

A fall back through to sub-$278 levels would bring the first major support level at $268.27 into play.

Barring a crypto meltdown, however, Ethereum should steer clear of sub-$270 levels.

Looking at the Technical Indicators

Major Support Level: $268.27

Major Resistance Level: $296.12

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 2.84% on Friday. Following on from a 7.4% rally on Thursday, Ripple’s XRP ended the day at $0.33589.

A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.33231 before falling to a mid-morning intraday low $0.31060.

Steering clear of the first major support level at $0.30490, Ripple’s XRP rallied to a late afternoon intraday high $0.33890.

Falling short of the first major resistance level at $0.3443, Ripple’s XRP eased back to $0.3320 levels before a late move back through to $0.3350 levels.

At the time of writing, Ripple’s XRP was up by 0.25% to $0.33674. A choppy start to the day saw Ripple’s XRP rise to an early morning high $0.34639 before sliding to a low $0.33135.

Ripple’s XRP came up against the first major resistance level at $0.3463 before sliding back to sub-$0.34 levels.

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