Former Ripple CTO Issues Warning to XRP Community
- Market Sentiment Analysis: Former Ripple CTO David Schwartz issued a statement amid XRP's over 50% price drop, emphasizing the community's reliance on speculation and rumors, which often leads to misguided investment decisions and could exacerbate investor losses.
- Confidentiality vs. Transparency: Schwartz noted that while Ripple maintains confidentiality with partners through NDAs, he clearly distinguishes between legitimate confidentiality and community-driven speculation, asserting that secrecy should not be interpreted as a signal for imminent major events.
- Opposition to Speculative Behavior: Against the backdrop of XRP's price decline, Schwartz's remarks are seen as a direct counter to community speculation, potentially diminishing investor confidence at a time when they are hoping for a price rebound.
- Ripple's Communication Strategy: Schwartz's public comments reflect Ripple's desire for investors to approach the asset more rationally, although his opposition to rumors may be perceived by some community members as an attack on XRP and its supporters.
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Technical Analysis for XRP
Technical Sentiment Analysis for XRP (XRP). As of , XRP (XRP) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 5 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 | 1.177 | 1.274 | 1.355 | 1.453 | 1.534 | 1.631 | 1.712 |
| Fibonacci | 1.274 | 1.342 | 1.384 | 1.453 | 1.521 | 1.563 | 1.631 |
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