EOS, Ethereum and Ripple’s XRP

For the day ahead

Ethereum would need to move back through to $170 levels to support a run at the first major resistance level at $176.58.

Support from the broader market would be needed for Ethereum to break through the morning high $172.18.

Barring a broad-based crypto rebound, however, the first major resistance level at $176.58 would likely cap any upside.

Failure to move back through to $170 levels could see Ethereum fall deeper into the red.

A fall back through to sub-$160 levels would bring the first major support level at $149.20 into play.

Barring a crypto sell-off, however, Ethereum should steer clear of sub-$150 levels.

Looking at the Technical Indicators

Major Support Level: $149.20

Major Resistance Level: $176.58

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 10.68 % on Tuesday. Reversing a 1.84% decline from Monday, Ripple’s XRP ended the day at $0.23375.

Tracking the broader market, Ripple’s XRP rallied from an early morning intraday low $0.21113 to a late intraday high $0.24447.

Ripple’s XRP broke through the day’s major resistance levels to visit $0.24 levels for the first time since 22nd November.

In spite of a late pullback to $0.23 levels, Ripple’s XRP held above the third major resistance level at $0.2238.

At the time of writing, Ripple’s XRP was down by 0.16% to $0.23337. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.23000 before striking a high $0.24233.

Ripple’s XRP left the major support and resistance levels untested early on.

Crypto Destroyer

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