For the day ahead

Ethereum would need to avoid a fall through the $341.65 pivot to support a run at the first major resistance level at $354.95.

Support from the broader market would be needed, however, for Ethereum to break out form Fridays high $349.74.

Barring an extended crypto rally, the first major resistance level should cap any upside.

A fall through the $341.65 pivot would bring the first major support level at $333.56 into play.

Barring an extended sell-off, however, Ethereum should steer well clear of the second major support level at $320.26.

First Major Support Level: $333.56

Pivot Level: $341.65

First Major Resistance Level: $354.95

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Ripples XRP rallied by 6.22% on Friday. Following on from a 0.36% gain on Thursday, Ripples XRP ended the month up by 48.21% to $0.25983.

Tracking the broader market, Ripples XRP fell to an early morning intraday low $0.24201 before finding support.

Steering clear of the first major support level at $0.2359, Ripples XRP rallied to a late intraday high $0.26078.

Ripples XRP broke through the first major resistance level at $0.2517 and the second major resistance level at $0.2587.

On the day, it was the first visit to $0.26 levels since early February before wrapping up the day at $0.2590 levels.

At the time of writing, Ripples XRP was down by 0.28% to $0.25909. A mixed start to the day saw Ripples XRP rise to an early morning high $0.26021 before falling to a low $0.25833.

Ripples XRP left the major support and resistance levels untested early on.

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EOS, Ethereum and Ripple's XRP Daily Tech Analysis August 1st, 2020 - FX Empire