David Schwartz Dismisses XRP Price Predictions
- Price Prediction Debate: Ripple's CTO David Schwartz dismissed claims that XRP could reach $10,000 during an online debate, arguing that such ideas do not align with normal market behavior, indicating a misunderstanding of XRP's true demand and valuation in the market.
- Liquidity Discussion: Schwartz reiterated that his 2017 comments on XRP liquidity were not a promise of future prices but emphasized transaction needs, stating that if XRP could handle large payment flows, it could not be 'dirt cheap', reflecting a significant underestimation of its potential value.
- Conspiracy Theory Rejection: He also rejected claims linking XRP to secret government or central bank plans, labeling them as 'conspiracy theories' and warning investors against relying on supposed hidden signals that could mislead their investment decisions.
- Transparent Escrow System: Schwartz highlighted that Ripple's escrow system is visible on-chain and can be tracked by anyone, emphasizing the company's normal business privacy practices rather than any hidden government dealings or secret settlement plans.
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Technical Analysis for XRP
Technical Sentiment Analysis for XRP (XRP). As of , XRP (XRP) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 2 indicators are flashing buy, while 1 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 | 1.241 | 1.294 | 1.346 | 1.398 | 1.45 | 1.503 | 1.555 |
| Fibonacci | 1.294 | 1.333 | 1.358 | 1.398 | 1.438 | 1.463 | 1.503 |
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