Ripple Launches New Stablecoin RLUSD on XRP Ledger and Ethereum
Launch of RLUSD Stablecoin: Ripple is set to launch its new stablecoin, RLUSD, pegged to the US dollar, on both the XRP Ledger and Ethereum blockchains, fully backed by cash reserves for one-to-one conversion with the dollar.
Market Impact and Expectations: Experts anticipate increased demand for XRP due to transaction fees from RLUSD, while potential market fluctuations during the launch are expected to stabilize quickly through arbitrage.
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Technical Analysis for AXL
Technical Sentiment Analysis for Axelar (AXL) As of , Axelar (AXL) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for AXL 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, AXL 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 $-.
Axelar (AXL) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0211 | 0.0355 | 0.0481 | 0.0625 | 0.0751 | 0.0895 | 0.102 |
| Fibonacci | 0.0355 | 0.0458 | 0.0522 | 0.0625 | 0.0728 | 0.0792 | 0.0895 |
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