Former Ripple CTO Clarifies No Connection to Epstein Files
- Clarification of No Links: Former Ripple CTO David Schwartz stated on social media that there is no evidence connecting Ripple, XRP, or Stellar to Jeffrey Epstein, alleviating investor concerns and ensuring market confidence.
- Documents Spark Discussion: The newly released Epstein documents drew attention; however, Schwartz emphasized that mentions of Ripple and Stellar do not imply direct financial transactions or meetings with Epstein, but rather reflect general investor discussions about competition.
- Indirect Connection Analysis: Schwartz noted that while Epstein had indirect ties to certain Bitcoin-related figures, this does not affect Ripple and XRP's independent operations, securing their critical role in cross-border payments and financial infrastructure.
- Investor Focus Shift: Schwartz's statement provides clear guidance for the XRP community, stressing the importance of focusing on Ripple's significant advancements in the financial sector rather than drawing conclusions from partial information, thereby maintaining investor trust and market stability.
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Technical Analysis for XLM
Technical Sentiment Analysis for Stellar (XLM) As of , Stellar (XLM) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for XLM 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, XLM 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 $-.
Stellar (XLM) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0745 | 0.105 | 0.138 | 0.169 | 0.202 | 0.233 | 0.265 |
| Fibonacci | 0.105 | 0.13 | 0.145 | 0.169 | 0.193 | 0.208 | 0.233 |
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