Former Ripple CTO Joins XRP Ledger Foundation Leadership
- Strengthened Governance: Former Ripple CTO David Schwartz has been appointed as an Honorary Board Member of the XRP Ledger Foundation, aimed at providing long-term technical guidance to enhance governance and ecosystem coordination within XRPL.
- Ecosystem Expansion: Schwartz's involvement comes at a crucial time as XRPL delves deeper into decentralized finance and blockchain infrastructure services, expected to improve long-term coordination among developers, validators, and ecosystem organizations.
- Industry Influence: As one of the original architects of XRPL, Schwartz's extensive knowledge of cryptography and deep understanding of XRPL's architecture will guide future infrastructure decisions, enhancing global activity within the ecosystem.
- Positive Community Reaction: The XRP community reacted strongly to Schwartz's appointment, believing that his direct involvement could improve coordination between developers and validators, thereby strengthening confidence in XRPL's technical leadership and infrastructure reliability.
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Technical Analysis for STABLE
Technical Sentiment Analysis for (STABLE). As of , (STABLE) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 3 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for STABLE 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, STABLE 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 $-.
(STABLE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0257 | 0.0294 | 0.0334 | 0.037 | 0.041 | 0.0446 | 0.0486 |
| Fibonacci | 0.0294 | 0.0323 | 0.0341 | 0.037 | 0.0399 | 0.0417 | 0.0446 |
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