Analyst: XRP Structure Signaling Major Move Again
- Blue Bridge Analysis: Analyst Egrag Crypto highlights that XRP's 'Blue Bridge' structure has reappeared in the market cycles of 2018, 2021, and 2026, indicating its role as a macro support and equilibrium zone that influences price behavior and may signal future movements.
- Importance of Price Action: The analyst emphasizes that price action is the most reliable signal in market analysis, noting that XRP experiences immediate buyer activity upon contact with the 'Blue Bridge', suggesting institutional involvement rather than retail-driven volatility.
- 71% Recurring Movement Pattern: Egrag Crypto identifies that XRP has historically shown approximately 71% upward movements following interactions with the 'Blue Bridge', and the current cycle's reaction may imply a similar trend, although there is a risk that the market is not yet fully aligned with this behavior.
- Impact of 'Fake Price' Assertion: The analyst suggests that the current valuation of XRP may not accurately reflect its structural position, stressing the need to evaluate current market conditions within the context of long-term cyclical patterns to avoid being misled by short-term sentiment.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR). As of , Major (MAJOR) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for MAJOR 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, MAJOR 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 $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.014 | 0.0351 | 0.0478 | 0.0689 | 0.0816 | 0.103 | 0.115 |
| Fibonacci | 0.0351 | 0.048 | 0.056 | 0.0689 | 0.0818 | 0.0898 | 0.103 |
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