Flare Co-founder: The Benefits of Keeping XRP Instead of Selling It
Shift in XRP Holder Mindset: Flare encourages XRP holders to rethink their strategy from selling for profit to finding ways to utilize their tokens for ongoing value generation within a growing on-chain ecosystem.
Philion's Core Argument: Co-founder Hugo Philion emphasizes that selling XRP limits future growth potential, advocating for holders to keep their tokens and make them productive through Flare's capabilities.
Flare's Role in Extending Utility: Flare acts as a Layer 1 blockchain that enhances XRP's functionality by enabling smart contracts and decentralized applications, allowing XRP to be used in various financial activities without losing its original purpose.
Maintaining Exposure While Seeking Returns: Flare provides a strategic alternative for XRP holders to engage in on-chain activities that may yield returns, promoting sustained use over speculative trading.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for FLR
Technical Sentiment Analysis for Flare (FLR) As of , Flare (FLR) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for FLR 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 stock.
Support, Resistance & Moving Averages From a structural perspective, FLR 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 $-.
Flare (FLR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00633 | 0.00742 | 0.00857 | 0.00966 | 0.0108 | 0.0119 | 0.0131 |
| Fibonacci | 0.00742 | 0.00827 | 0.0088 | 0.00966 | 0.0105 | 0.011 | 0.0119 |
About FLR
About the author
