Ripple (XRP) Poised for Significant Price Movement, Analyst Says
- Upcoming Price Movement: Analyst Ali Martinez notes that XRP has been trading in a tightening range for about a month, now nearing the apex of a triangle, which suggests an increased probability of a significant price move.
- Key Support Levels: Martinez advises his over 165,000 followers to monitor critical support and resistance levels at $1.41 and $1.43, respectively, indicating that a break below support could lead to a deeper decline.
- Market Sentiment Analysis: Despite XRP's recent short-term decline, analyst CW reassures that there is no downward momentum, suggesting that the current price fluctuations may only represent a temporary adjustment.
- Resistance Level Challenge: Analyst Ted Pillow highlights XRP's sideways action during BTC's rise to a 12-week peak, indicating aggressive positioning from both bulls and bears, particularly around liquidity clusters above $1.50 and below $1.40.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR). As of , Major (MAJOR) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 1 indicators are flashing buy, while 6 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for MAJOR 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, MAJOR 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 $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0442 | 0.0518 | 0.0571 | 0.0647 | 0.07 | 0.0776 | 0.0829 |
| Fibonacci | 0.0518 | 0.0567 | 0.0597 | 0.0647 | 0.0696 | 0.0726 | 0.0776 |
About MAJOR
About the author
