For the day ahead<\/p>\n
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.<\/p>\n
Support from the broader market would be needed, however, for Ethereum to break out form Fridays high $349.74.<\/p>\n
Barring an extended crypto rally, the first major resistance level should cap any upside.<\/p>\n
A fall through the $341.65 pivot would bring the first major support level at $333.56 into play.<\/p>\n
Barring an extended sell-off, however, Ethereum should steer well clear of the second major support level at $320.26.<\/p>\n
First Major Support Level: $333.56<\/p>\n
Pivot Level: $341.65<\/p>\n
First Major Resistance Level: $354.95<\/p>\n
23.6% FIB Retracement Level: $257<\/p>\n
38.2% FIB Retracement Level: $367<\/p>\n
62% FIB Retracement Level: $543<\/p>\n
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.<\/p>\n
Tracking the broader market, Ripples XRP fell to an early morning intraday low $0.24201 before finding support.<\/p>\n
Steering clear of the first major support level at $0.2359, Ripples XRP rallied to a late intraday high $0.26078.<\/p>\n
Ripples XRP broke through the first major resistance level at $0.2517 and the second major resistance level at $0.2587.<\/p>\n
On the day, it was the first visit to $0.26 levels since early February before wrapping up the day at $0.2590 levels.<\/p>\n
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.<\/p>\n
Ripples XRP left the major support and resistance levels untested early on.<\/p>\n
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EOS, Ethereum and Ripple's XRP Daily Tech Analysis August 1st, 2020 - FX Empire<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" 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 Continue reading