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For the day ahead
Ethereum should avoid a fall through the $ 391 pivot to support a run at the first major resistance level at $ 402.53.
However, broader market support would be required for Ethereum to return to $ 400 levels.
Barring an extended cryptocurrency rally, the first major resistance level would likely limit any upside.
Failure to avoid a fall through the pivot of $ 384.04 would bring the first major support level at $ 384.04 into play.
Barring another extended sell-off, however, Ethereum should avoid levels below $ 370. The second major support level at $ 372.61 should limit any downside.
Looking at the technical indicators
First major support level: $ 384.04
Pivot level: $ 391
First major resistance level: $ 402.53
23.6% FIB Retracement Level: $ 257
38.2% FIB Retracement Level: $ 367
62% FIB Retracement Level: $ 543
Ripple’s XRP
Ripple’s XRP was up 2.59% on Friday. Partially reversing Thursday’s 4.37% downside, Ripple’s XRP ended the day at $ 0.27178.
It was a mixed start to the day. Ripple’s XRP dipped to a morning intraday low $ 0.26004 before moving on.
Avoiding the first major support level at $ 0.2526, Ripple’s XRP rose to an intraday high $ 0.27318.
Failing to reach the first major resistance level at $ 0.2774, Ripple’s XRP has moved back to levels below $ 0.27.
A final hour of return to the $ 0.27 levels, however, led to the rally on the day.
At the time of writing, Ripple’s XRP was down by 0.57% to $ 0.27022. A bearish start to the day saw Ripple’s XRP fall from a morning high $ 0.27393 to a low of $ 0.26865.
Ripple’s XRP left major support and resistance levels untested at the start.
