For the day ahead
Ethereum would need to move through the $227.15 pivot to support a run at the first major resistance level at $231.49.
Support from the broader market would be needed, however, for Ethereum to break back through to $230 levels.
Barring an extended crypto rally, the first major resistance level and Thursday’s high $232.15 should cap any upside.
Failure to move through the $227.15 pivot would bring the first major support level at $222.12 into play.
Barring another extended sell-off, Ethereum should steer clear of sub-$215 levels. The second major support level at $217.77 should limit any downside.
Looking at the Technical Indicators
Major Support Level: $222.12
Major Resistance Level: $231.49
23.6% FIB Retracement Level: $257
38.2% FIB Retracement Level: $367
62% FIB Retracement Level: $543
Ripple’s XRP fell by 0.83% on Thursday. Reversing a 0.77% gain from Wednesday, Ripple’s XRP ended the day at $0.17528.
A bearish start to the day saw Ripple’s XRP fall to a mid-morning low $0.17550 before making a move.
Steering clear of the major support levels, Ripple’s XRP struck an early afternoon intraday high $0.17746.
Falling short of the first major resistance level at $0.1787, Ripple’s XRP slid to a late afternoon intraday low $0.17234.
Ripple’s XRP fell through the first major support level at $0.1743 before recovering to $0.1750 levels. Steering clear of sub-$0.17 levels was key on the day.
At the time of writing, Ripple’s XRP was down by 0.01% to $0.17491. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.17453 before rising to a high $0.17491.
Ripple’s XRP left the major support and resistance levels untested early on.