XRP Price Expected to Dip Before Surge
- Price Volatility Expected: Experts predict that XRP will experience a significant dip before a violent recovery, with potential support levels at $1.10 and $0.87 likely to be tested, setting the stage for future gains.
- Market Sentiment Shifts: While Bitcoin and Ethereum prices continue to decline, XRP struggles at the $1.65 resistance level, indicating a divergence in market sentiment, with some analysts believing that a final price purge will pave the way for a strong rebound.
- Supercycle Theory Support: With assets like NEAR surging nearly 100% over the past month, expectations for XRP and other altcoins to reach new all-time highs in the coming months have increased, although caution is warranted regarding a potential final price correction.
- Technical Analysis Watch: XRP's failure to break the $1.65 resistance over the past four months suggests that if this trend continues, a final price correction may be necessary to cleanse the market before a robust rebound can occur.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR). As of , Major (MAJOR) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 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 | 0.0381 | 0.0443 | 0.0503 | 0.0565 | 0.0626 | 0.0688 | 0.0748 |
| Fibonacci | 0.0443 | 0.049 | 0.0519 | 0.0565 | 0.0612 | 0.0641 | 0.0688 |
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