Ripple’s $1.25B Move Just Unlocked Wall Street Power for Hidden Road
Ripple's Acquisition of Hidden Road: Ripple has acquired Hidden Road for $1.25 billion, allowing it to expand into traditional finance by gaining access to institutional markets and services such as fixed-income repurchase agreements.
Regulatory Approval and Market Impact: Hidden Road received FINRA approval to operate as a broker-dealer, enabling it to process over $10 billion in daily transactions and enhancing its credibility within Wall Street, while Ripple supports its goal to become a leading non-bank prime brokerage.
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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 6 technical signals, shows that 2 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 | 0.649 | 0.883 | 1.144 | 1.378 | 1.639 | 1.873 | 2.134 |
| Fibonacci | 0.883 | 1.072 | 1.189 | 1.378 | 1.567 | 1.684 | 1.873 |
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