Analyst Predicts Long-Term Growth Potential for XRP
- User Growth Trend: Financial expert Levi Rietveld estimates that the number of XRP holders globally ranges between 18 million and 25 million, which, while still less than 1% of the world's population, indicates that digital asset adoption is accelerating from an early stage.
- Accelerated Adoption Rate: Rietveld highlights that XRP's adoption speed has increased from approximately 50% over the past five years to about 120%, with projections suggesting a potential growth rate of 240% in the next five years, reflecting a rapidly rising interest in XRP.
- Future User Projections: If current trends continue, Rietveld forecasts that XRP users could reach between 1.8 billion and 2 billion by 2040, representing around 20% of the global population, which would significantly enhance XRP's market value.
- Market Value Outlook: Rietveld believes that if XRP achieves such widespread adoption, its price could exceed $150 per coin, reflecting a bullish long-term outlook centered on user growth, although these projections remain highly speculative.
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Technical Analysis for BASED
Technical Sentiment Analysis for Based (BASED). As of , Based (BASED) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 5 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BASED stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BASED is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Based (BASED) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0487 | 0.0666 | 0.0811 | 0.099 | 0.114 | 0.131 | 0.146 |
| Fibonacci | 0.0666 | 0.079 | 0.0866 | 0.099 | 0.111 | 0.119 | 0.131 |
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