XRP of EOS, Ethereum and Ripple – Daily Tech Analysis – September 12, 2020


For the day ahead

Ethereum would need to survive a fall through the $ 368.37 axis to support a run at the first major resistance level at $ 3808.4.

However, Ethereum will need support from the broader market to break through Friday’s high of $ 375.38.

Except for an extended crypto rally, the first major resistance level will likely reverse any.

Failure to avoid a fall through the $ 368.37 axis will bring 38.2% FIB of $ 367 and the first major support level at $ 361.37.

Ethereum should avoid the sub-$ 350 level, preventing extended sell-offs. The second major support level sits at $ 348.8.

Looking at technical indicators

First major support level: $ 361.37

Pivot Level: $ 368.37

First major resistance level: $ 380.94

23.6% FIB retracement level: $ 257

38.2% FIB retracement level: $ 367

62% Fib Retracement Level: $ 543

Ripple’s XRP

Ripple’s XRP fell 0.19% on Friday. Ripple’s XRP ended the day at $ 0.24276, partially reversing the 1.82% gain since Thursday.

It was also a mixed start to the day. Ripple’s XRP reached an early morning intraday high of $ 0.24452 before reverse hitting.

Ripple’s XRP fell to a morning low of $ 0.23701, lower than the first major resistance level at $ 0.2483.

Ripple’s XRP fell through the first major support level at $ 0.2387 before gaining support.

Through 2nd Half of the day, Ripple’s XRP raised the $ 0.244 level again before falling back to red.

At the time of writing, Ripple’s XRP was down 0.42% to $ 0.24173. Ripple’s XRP dropped from a morning high of $ 0.24290 to a low of $ 0.24156 early in the day.

Ripple’s XRP quickly dropped major support and resistance levels.