For the day ahead

Ethereum would need to move through the $238.70 pivot to support a run at the first major resistance level at $241.06.

Support from the broader market would be needed, however, for Ethereum to break back through to $240 levels.

Barring an extended crypto rally, the first major resistance level and Wednesdays high $241.44 should cap any upside.

Failure to move through the $238.70 pivot would bring the first major support level at $235.98 into play.

Barring another extended sell-off, Ethereum should continue to steer clear of sub-$230 levels. The second major support level at $233.63 should limit any downside.

Major Support Level: $235.98

Pivot Level: $238.71

Major Resistance Level: $241.06

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Ripples XRP fell by 0.92% on Wednesday. Reversing a 0.10% rise from Tuesday, Ripples XRP ended the day at $0.19740.

A mixed start to the day saw Ripples XRP rise to an early morning intraday high $0.19999 before hitting reverse.

Falling short of the first major resistance level at $0.2012, Ripples XRP slid to a late morning intraday low $0.19644.

Steering clear of the first major support level at $0.1963, Ripples XRP recovered to $0.199 levels before easing back.

At the time of writing, Ripples XRP was down by 0.44% to $0.19653. A bearish start to the day saw Ripples XRP fall from an early morning high $0.19755 to a low $0.19609.

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

See more here:

EOS, Ethereum and Ripple's XRP Daily Tech Analysis July 16th, 2020 - FX Empire