Kalshi Traders Forecast XRP Could Reach $1.50 This Month
- Short-Term Optimism: Kalshi traders forecast that XRP could reach $1.50 this month, reflecting a wave of bullish sentiment around the altcoin, although this prediction does not guarantee price movement as expected.
- Market Participation Dynamics: As a U.S.-regulated prediction market, Kalshi allows participants to place real-money bets on financial outcomes, with the $1.50 target representing the collective expectations of traders regarding XRP's near-term performance, potentially influencing broader market sentiment.
- Volatility Risks: Short-term crypto price forecasts carry inherent uncertainty, as sentiment can shift rapidly in response to new information or market dynamics, prompting traders to approach these predictions with caution, especially in a volatile market environment.
- Monitoring Real-Time Data: While the $1.50 target reflects current trader expectations, market participants should focus on real-time data from sources like XRPScan for on-chain activity rather than relying solely on prediction market sentiment.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR). As of , Major (MAJOR) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 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 crypto.
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 | 0.0141 | 0.0352 | 0.0479 | 0.069 | 0.0817 | 0.103 | 0.116 |
| Fibonacci | 0.0352 | 0.0481 | 0.056 | 0.069 | 0.0819 | 0.0899 | 0.103 |
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