Ripple's CTO Schwartz Issues Significant Alert Regarding XRP
David Schwartz's Warning: Ripple's CTO, David Schwartz, issued a significant warning regarding XRP, highlighting that Ripple Labs can sell or transfer rights to receive XRPs from escrow, even if the tokens remain locked until their scheduled release.
Implications for Institutional Investors: The ability for large institutions, including the U.S. Government, to acquire rights directly from Ripple could allow them to accumulate XRP without affecting the circulating supply, potentially changing how institutions approach XRP.
Impact on Retail Holders: While the announcement does not indicate an immediate increase in circulating tokens, it may alter perceptions of available supply, affecting valuation models and investor sentiment within the XRP community.
Need for Caution: Investors are advised to monitor official Ripple communications for further clarification and to conduct independent analysis before making investment decisions, as the situation remains complex and fluid.
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Technical Analysis for X
Technical Sentiment Analysis for X Empire (X) As of , X Empire (X) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for X 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, X 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 $-.
X Empire (X) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0000059 | 0.00000888 | 0.0000114 | 0.0000144 | 0.000017 | 0.00002 | 0.0000225 |
| Fibonacci | 0.00000888 | 0.000011 | 0.0000123 | 0.0000144 | 0.0000166 | 0.0000179 | 0.00002 |
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