For the day ahead
Ethereum would need to move through the $391.38 pivot to support a run at the first major resistance level at $402.08.
Support from the broader market would be needed, however, for Ethereum to break back through to $400 levels.
Barring an extended crypto rally, the first major resistance level should cap any upside.
A fall through the $391.38 pivot would bring the first major support level at $379.11 into play.
Barring an extended sell-off, however, Ethereum should steer clear of sub-$360 levels. The second major support level at $368.41 and the 38.2% FIB of $367 should limit any downside.
Looking at the Technical Indicators
First Major Support Level: $379.11
Pivot Level: $391.38
First Major Resistance Level: $402.08
23.6% FIB Retracement Level: $257
38.2% FIB Retracement Level: $367
62% FIB Retracement Level: $543
Ripple’s XRP fell by 2.90% on Tuesday. Partially reversing Monday’s 7.58% rally, Ripple’s XRP ended the day at $0.30124.
A bullish start to the day saw Ripple’s XRP rise to an early morning intraday high $0.3190 before hitting reverse.
Falling short of the first major resistance level at $0.3249, Ripple’s XRP fell to an early afternoon intraday low $0.29026.
While steering clear of the first major support level at $0.2892, Ripple’s XRP fell through the 23.6% FIB of $0.3134.
Finding late support, Ripple’s XRP recovered to $0.30 levels to cut the deficit on the day.
At the time of writing, Ripple’s XRP was down by 1.46% to $0.29685. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.30239 to a low $0.29418
Ripple’s XRP left the major support and resistance levels untested early on.