Ripple's Deep Ties with DTCC Unveiled
- Digital Bretton Woods: As discussions about a 'Digital Bretton Woods' intensify, the deep ties between Ripple (XRP) and global clearing giant DTCC are emerging, potentially paving the way for XRP's role as a neutral bridge among global reserve currencies.
- Executive Transfers: The analysis highlights significant executive transfers between DTCC and Ripple, including former DTCC President Donald Donahue joining Ripple as an advisor in 2015, indicating deep integration and strategic collaboration between the two entities.
- CBDC Project Utilization: Allegedly, central bank digital currency (CBDC) projects like Project Agora led by the Bank for International Settlements (BIS) are utilizing the XRP Ledger (XRPL) architecture, enhancing Ripple's market position and relevance in the evolving financial landscape.
- Technology Masking: Institutions are reportedly avoiding direct references to XRP, instead using terms like 'unified ledger', 'atomic consensus', or 'decentralized bridge', reflecting a covert adoption of Ripple's technology and its significance in the financial system.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR). As of , Major (MAJOR) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 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 | 0.0659 | 0.0711 | 0.0772 | 0.0824 | 0.0885 | 0.0938 | 0.0999 |
| Fibonacci | 0.0711 | 0.0754 | 0.0781 | 0.0824 | 0.0868 | 0.0894 | 0.0938 |
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