ETH/USD is trading at $3191.55, 0.47% up since previous close. A strong breakout can be seen in Ethereum on Monday after optimism looms over European Investment Bank’s chances of launching a ‘digital bond’ sale on the Ethereum blockchain network. This may increase investment options in the digital currencies & hence, boosted the prices of Ether. On global front, the soft USD post disappointing U.S Fed outlook towards not tapering down monetary support cushioned markets & digital assets. As seen in the chart, the ETH/USD tested the Fibonacci Expansion level of 100.0 indicating the chances of strong breakout if breached & a reversal if sustained. Buying on corrective dips may be initiated further in ETH/USD.

XRP/USD is trading at $1.5882, 0.08% up since previous day close. The Ripple seems to be trading flat to higher side as other Altcoins started trading positive amid growing number of trading volumes. On global side, the soft USD amid Fed’s failure of showing no hints towards tapering down monetary support cushioned the digital assets to some extent. The rising inflation fears & worsening Covid-19 situation across the world makes equity markets uncertain & digital assets more attractive for investments. Earlier, the assets plunged down subsequent to the proposal of raising the taxation rate for wealthiest American. Buying may be initiated on daily basis in XRP/USD since it is trading above Fibo level 23.6 with a target of $1.800-$1.9000 levels.