Escalating Tensions in the Middle East Challenge XRP and XLM Prices

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 1 day ago

Should l Buy XRP?

Middle East Tensions: The Iran ceasefire expired on April 22 without an extension, leading to rising oil prices and gold nearing $4,800, increasing market focus on risk assets, which puts downward pressure on XRP and XLM prices.
XRP Price Dynamics: XRP is currently priced at $1.4230, with support at $1.40; if tensions escalate, it could drop to $1.35, but if recognized as a sanctioned payment rail, it may rebound above $1.60, indicating potential market volatility.
XLM Price Prediction: XLM is priced at $0.1701, with support at $0.165; in a panic scenario, it could fall to $0.165, but the medium-term target ranges from $0.19 to $0.25, reflecting potential demand for payment networks during crises.
Market Reaction and Investor Behavior: Analysts note that XRP and XLM are near technical support levels, and while they may drop 5% to 10% due to panic selling in the short term, their utility as payment networks could increase in a geopolitical context.

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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 4 technical signals, shows that 3 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	1.132	1.226	1.323	1.416	1.514	1.607	1.704
Fibonacci	1.226	1.299	1.344	1.416	1.489	1.534	1.607

About XRP

Launched in 2012, the XRP Ledger (XRPL) is an open-source, permissionless and decentralized technology. Benefits of the XRP Ledger include its low-cost ($0.0002 to transact), speed (settling transactions in 3-5 seconds), scalability (1,500 transactions per second) and inherently green attributes (carbon-neutral and energy-efficient). The XRP Ledger also features the first decentralized exchange (DEX) and custom tokenization capabilities built into the protocol. Since 2012, the XRP Ledger has been operating reliably, having closed 70 million ledgers.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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