Crypto Bitlord Expresses Frustration Yet Maintains XRP Bullishness
- Disappointment in Price: Crypto Bitlord has expressed frustration with XRP's current price performance, believing that at around $1.45, it is significantly undervalued compared to his estimated fair value of $25, indicating strong confidence in the asset's potential.
- Short-term Target Set: Bitlord anticipates a rise to $2 for XRP in the near term, which, while conservative compared to his long-term target of $10,000, still reflects his expectation for a market rebound.
- Continued Support for XRP: Despite his dissatisfaction with the pace of price growth, Bitlord remains a staunch supporter of XRP, asserting that it is severely undervalued and sharing his belief in its future value with the XRP community.
- Impact on Community Confidence: Bitlord's comments may influence the confidence of the XRP community; although he expresses frustration with short-term price fluctuations, his unwavering belief in XRP's long-term potential could motivate other investors to hold onto the asset.
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Technical Analysis for XRP
Technical Sentiment Analysis for XRP (XRP). As of , XRP (XRP) 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 XRP 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, XRP 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 $-.
XRP (XRP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 1.176 | 1.274 | 1.354 | 1.452 | 1.532 | 1.63 | 1.711 |
| Fibonacci | 1.274 | 1.342 | 1.384 | 1.452 | 1.52 | 1.562 | 1.63 |
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