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EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – June 30th, 2020

EOS

EOS rose by 0.51% on Monday. Following on from a 1.56% gain on Sunday, EOS ended the day at $2.3802.

A mixed start to the day for EOS. EOS rose to an early morning high $2.3780 before sliding to a late morning intraday low $2.3246.

Steering clear of the first major support level at $2.3177, EOS rallied to a late intraday high $2.4166.

EOS came up against the first major resistance level at $2.4132 before falling back to sub-$2.40 levels.

At the time of writing, EOS was up by 0.29% to $2.3870. A bullish start to the day saw EOS rise from an early morning low $2.3821 to a high $2.3870.

EOS left the major support and resistance levels untested early on.

EOS/USD 30/06/20 Daily Chart

For the day ahead

EOS would need to avoid a fall through the $2.3738 pivot level to support a run at the first major resistance level at $2.4230.

Support from the broader market would be needed, however, for EOS to break out from Monday’s high $2.4166.

Barring an extended crypto rally, the first major resistance level at $2.4230 would likely cap any upside.

Failure to avoid a fall through the $2.3738 pivot could see EOS give up Monday’s gain.

A fall through to sub-$2.37 levels would bring the first major support level at $2.3310 into play.

Barring another extended sell-off, EOS should steer clear of sub-$2.30 levels and the second major support level at $2.2818.

Looking at the Technical Indicators

Major Support Level: $2.3310

Major Resistance Level: $2.4230

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum rose by 1.28% on Monday. Following on from a 1.82% gain on Sunday, Ethereum ended the day at $227.81.

It was also a mixed start to the day. Ethereum rose to an early morning high $226.56 before sliding to a late morning intraday low $220.98.

Steering clear of the first major support level at $218.76, Ethereum rallied to a late intraday high $229.98.

Ethereum came up against the first major resistance level at $229.34 before easing back to sub-$228 levels.

At the time of writing, Ethereum was up by 0.34% to $228.59. A bullish start to the day saw Ethereum rise from an early morning low $227.81 to a high $228.69.

Ethereum left the major support and resistance levels untested early on.

ETH/USD 30/06/20 Daily Chart

For the day ahead

Ethereum would need to avoid a fall through the $226.30 pivot to support a run at the first major resistance level at $231.53.

Support from the broader market would be needed, however, for Ethereum to break out from Monday’s high $229.98.

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

Failure to avoid a fall through the $226.30 pivot could see Ethereum return to the red.

A fall back through to sub-$225 levels would bring the first major support level at $222.53 into play.

Barring another extended sell-off, Ethereum should steer clear of sub-$215 levels. The second major support level at $217.26 should limit any downside.

Looking at the Technical Indicators

Major Support Level: $222.53

Major Resistance Level: $231.53

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Ripple’s XRP

Ripple’s XRP rose by 0.16% on Monday. Following a 1.07% gain on Sunday, Ripple’s XRP ended the day at $0.17733.

Tracking the broader market, Ripple’s XRP rose to an early morning high $0.17815 before hitting reverse.

Falling short of the major resistance levels, Ripple’s XRP slid to a late morning intraday low $0.17519 before finding support.

Steering clear of the first major support level at $0.1734, Ripple’s XRP rallied to a late intraday high $0.17958.

Ripple’s XRP came within range of the first major resistance level at $0.1803 before easing back to sub-$0.1780 levels.

At the time of writing, Ripple’s XRP was up by 0.05% to $0.17742. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.17759 before falling to a low $0.17734.

Ripple’s XRP left the major support and resistance levels untested early on.

XRP/USD 30/06/20 Daily Chart

For the day ahead

Ripple’s XRP will need to avoid a fall through the $0.17740 pivot to support a run at the first major resistance level at $0.1795.

Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $0.1790 levels.

Barring a broad-based crypto rally, Monday’s high $0.17958 and the first major resistance level would likely limit any upside.

In the event of a breakout, Ripple’s XRP should break through the second major resistance level at $0.1818 before any pullback.

Failure to avoid a fall through the $0.1774 pivot could see Ripple’s XRP hit reverse.

A fall back through to sub-$0.1770 levels would bring the first major support level at $0.1752 into play.

Barring another extended crypto sell-off, Ripple’s XRP should avoid the second major support level sits at $0.1730.

Looking at the Technical Indicators

Major Support Level: $0.1752

Major Resistance Level: $0.1795

23.6% FIB Retracement Level: $0.3638

38.2% FIB Retracement Level: $0.4800

62% FIB Retracement Level: $0.6678

Please let us know what you think in the comments below.

Thanks, Bob