Ripple IPO Delay Raises Market Concerns

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 1 hour ago

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Ongoing IPO Speculation: Ripple's IPO rumors have persisted for 12 years, and despite the removal of regulatory uncertainty, the absence of a public listing raises doubts about its future, particularly as XRP has dropped 6% recently.
Market Confidence Eroded: A Ripple IPO would bring institutional attention and validate its business model, but the delay removes a catalyst that holders were counting on, further weakening confidence in XRP.
Whale Selling Pressure: XRP is currently facing around $50 million in daily whale selling pressure, which exacerbates concerns regarding the IPO delay, especially as the newly launched XRP ETFs have yet to boost prices.
Timing of Listing Choice: While the delay may be seen as a negative signal, Ripple might be waiting for better market conditions to achieve a higher valuation, indicating that the company is not in urgent need of IPO funds, showcasing its financial strength instead.

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Technical Analysis for XRP

Technical Sentiment Analysis for XRP (XRP). As of , XRP (XRP) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 3 indicators are flashing buy, while 4 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	1.091	1.158	1.238	1.304	1.385	1.451	1.532
Fibonacci	1.158	1.214	1.248	1.304	1.361	1.395	1.451

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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