XRP Community Urged to Stay Vigilant After New Scam Incident

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 1 hour ago

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Scam Tactics Exposed: An investor lost approximately 14,646 XRP, worth about $16,800, after receiving a message disguised as a legitimate verification request, highlighting cybercriminals' ability to exploit user trust for fraud.
Wallet Risks Ignored: Despite the wallet used in the scam being flagged as suspicious by XRP Ledger explorers, the investor proceeded with the transaction, reflecting a disregard for security warnings that led to irreversible asset loss.
High Return Promises Temptation: The scam promised a 10% monthly return, leveraging investors' greed to prompt quick decisions, further revealing common social engineering tactics in the cryptocurrency space.
Call for Increased Vigilance: Experts stress that XRP users must independently verify every wallet address and transaction request, especially those that seem overly generous, to prevent losses amounting to thousands of dollars.

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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	0.912	1.014	1.089	1.191	1.266	1.368	1.442
Fibonacci	1.014	1.082	1.124	1.191	1.259	1.3	1.368

About XRP

Launched in 2012, the XRP Ledger (XRPL) is an open-source, permissionless and decentralized technology. Benefits of the XRP Ledger include its low-cost ($0.0002 to transact), speed (settling transactions in 3-5 seconds), scalability (1,500 transactions per second) and inherently green attributes (carbon-neutral and energy-efficient). The XRP Ledger also features the first decentralized exchange (DEX) and custom tokenization capabilities built into the protocol. Since 2012, the XRP Ledger has been operating reliably, having closed 70 million ledgers.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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