XRP Investors Move Billions Off Binance as Price Holds $3—Bullish Setup Ahead
XRP Outflows Indicate Investor Confidence: Significant XRP outflows from Binance have sparked bullish sentiment among investors, suggesting strong accumulation outside exchanges and limited supply in the market, which could lead to price growth.
Technical Indicators Show Stability: Current technical indicators reveal stable price action for XRP, with resistance at $3.37 and support at $2.83, indicating potential for a breakout as reduced selling pressure and declining exchange balances may enhance price movements.
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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 4 technical signals, shows that 1 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 | 0.0658 | 0.0711 | 0.0772 | 0.0824 | 0.0885 | 0.0938 | 0.0998 |
| Fibonacci | 0.0711 | 0.0754 | 0.0781 | 0.0824 | 0.0868 | 0.0894 | 0.0938 |
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