Moscow Exchange to Launch Four New Crypto Indexes
- New Index Launch: The Moscow Exchange plans to introduce four new crypto indexes on May 13, tracking Solana, XRP, Tron, and BNB, which signifies an expansion of its benchmark list and may attract more investor interest.
- Pricing Mechanism: The new indexes will rely on data from Binance, Bybit, OKX, and Bitget, with Binance contributing 50% weight, Bybit 20%, and both OKX and Bitget 15%, enhancing the market reflectiveness of these indexes.
- Increased Update Frequency: Existing digital currency indexes, including MOEXBTC and MOEXETH, will be updated every 15 seconds during trading hours and additional weekend sessions, improving their utility for products tied to digital asset prices.
- Future Product Potential: Although the new indexes are not yet considered tradable products, the exchange indicated they “could become” underlying assets for future financial instruments, demonstrating ongoing interest and potential growth opportunities in the crypto market.
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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 | 1.242 | 1.294 | 1.342 | 1.395 | 1.443 | 1.495 | 1.544 |
| Fibonacci | 1.294 | 1.332 | 1.356 | 1.395 | 1.433 | 1.457 | 1.495 |
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