Ripple CEO Explains What Makes XRP Unique

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 49 minutes ago

Should l Buy XRP?

Transaction Speed and Cost: XRP settles transactions in 3 to 5 seconds at fractions of a penny, providing a significant competitive edge in payments, especially highlighted by over 4 billion transactions, demonstrating its low-cost efficiency at scale.
Founders' Background: The founders of XRP, who were Bitcoin core contributors, specifically built the network to address payment issues that Bitcoin could not solve, showcasing a specialized design that distinguishes XRP in the market.
Community Strength: Garlinghouse described XRP holders as a 'family' in calm times and an 'army' under pressure, illustrating how emotional investment translates into coordinated action, which is a unique competitive advantage that competitors cannot replicate.
Long-Term Success Potential: Garlinghouse believes that the combination of technical performance, community depth, and time in the market positions XRP for future success, emphasizing the importance of longevity and community support beyond mere technical metrics.

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Technical Analysis for XRP

Technical Sentiment Analysis for XRP (XRP). As of , XRP (XRP) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 4 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	1.31	1.372	1.44	1.503	1.571	1.633
Fibonacci	1.31	1.36	1.39	1.44	1.49	1.521	1.571

About XRP

Launched in 2012, the XRP Ledger (XRPL) is an open-source, permissionless and decentralized technology. Benefits of the XRP Ledger include its low-cost ($0.0002 to transact), speed (settling transactions in 3-5 seconds), scalability (1,500 transactions per second) and inherently green attributes (carbon-neutral and energy-efficient). The XRP Ledger also features the first decentralized exchange (DEX) and custom tokenization capabilities built into the protocol. Since 2012, the XRP Ledger has been operating reliably, having closed 70 million ledgers.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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