Pro-XRP Lawyer Debunks FUD Over Ripple Dumping XRP, Price To Hit $1?
- XRP Lawyer Bill Morgan Addresses FUD: Renowned pro-XRP lawyer, Bill Morgan, dismisses fear, uncertainty, and doubt (FUD) surrounding Ripple's XRP dumps as baseless, emphasizing Ripple's strategic plan for XRP utility and adoption.
- XRP Price Performance: Despite concerns, XRP has shown recovery and impressive gains in daily and weekly charts, hinting at a positive future outlook.
- XRP Price Analysis by Egrag Crypto: Analyst Egrag Crypto highlights key stages in XRP price movement, suggesting potential bullish runs and milestones like reaching or surpassing the $1 mark.
- XRP Market Momentum: XRP token gains 2.38% in 24 hours, trading at $0.5421 with a 7.35% weekly increase, attracting investor attention.
- SSMP Model for XRP Price Prediction: The SSMP model outlines four crucial stages for XRP price movement, focusing on structural formation, sentiment status, macro range, and psychological battlefield, aiming to predict market trends and potential outcomes.
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Technical Analysis for XRP
Technical Sentiment Analysis for XRP (XRP) As of , XRP (XRP) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 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 stock.
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 | 0.516 | 0.817 | 1.153 | 1.454 | 1.791 | 2.092 | 2.428 |
| Fibonacci | 0.817 | 1.06 | 1.211 | 1.454 | 1.698 | 1.848 | 2.092 |
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