XRP Ledger Growth Accelerates with LOBSTR Support Expansion
- Wallet Integration Acceleration: The addition of XRP Ledger support by LOBSTR wallet allows users to seamlessly access multiple blockchain networks within a single platform, enhancing user experience and simplifying account management.
- User Base Benefits: With over 1.3 million active users, LOBSTR's update eliminates the hassle of toggling between different wallet interfaces, significantly improving convenience and efficiency in account management.
- Increased Institutional Engagement: Major financial players like Mastercard, BlackRock, and Franklin Templeton have shown significant interest in XRP Ledger, particularly with a staggering 875% surge in real-world asset tokenization transactions, pushing the ecosystem's total value close to $2.5 billion.
- Transformation of Financial Infrastructure: The integration of wallet providers indicates that XRP Ledger is evolving into a viable alternative to traditional financial infrastructures, attracting more institutional investors and major financial groups into its ecosystem.
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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 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 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 | 0.0546 | 0.0574 | 0.0601 | 0.0629 | 0.0656 | 0.0684 | 0.0711 |
| Fibonacci | 0.0574 | 0.0595 | 0.0608 | 0.0629 | 0.065 | 0.0663 | 0.0684 |
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