Individual Who Recently Lost $3 Million in XRP from Cold Wallet Issues New Urgent Warning
Incident Overview: A crypto investor, Brandon LaRoque, lost nearly $3 million in XRP due to a breach of Ellipal's software wallet, which he mistakenly believed was secure as a cold wallet.
Understanding Wallet Vulnerabilities: Brandon's experience highlights the distinction between Ellipal's cold wallet (secure and offline) and its hot wallet (connected to the internet), emphasizing the risks associated with the latter.
Growing Concerns: Reports from other users indicate similar vulnerabilities in the Ellipal app, where unauthorized transactions drained funds, suggesting potential exploitation of the software interface.
Cautionary Advice: Brandon warns crypto holders to audit their wallet setups, ensuring that assets meant for long-term storage are in the cold wallet, and to be vigilant about software updates and transaction approvals.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR) As of , Major (MAJOR) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MAJOR 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, MAJOR 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 $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0609 | 0.0686 | 0.0777 | 0.0855 | 0.0946 | 0.102 | 0.111 |
| Fibonacci | 0.0686 | 0.0751 | 0.079 | 0.0855 | 0.0919 | 0.0959 | 0.102 |
About MAJOR
About the author
