XRP Surges Over 6.7% in 24 Hours, Surpassing $1.50
- Whale Investment Drive: According to Santiment Intelligence, wallets holding over 10 million XRP have amassed a total of 45.83 billion XRP, accounting for 68.48% of the circulating supply, marking the highest concentration since May 2018, indicating strong confidence among large investors in XRP's short-term prospects.
- Trading Volume Surge: Following a nearly $1 million large purchase on Coinbase, XRP's price surged sharply, with trading volumes on South Korea's Upbit and Bithumb exchanges surpassing those of Bitcoin and Ethereum, reflecting a strong appetite for risk assets among Korean retail investors.
- Market Dynamics Shift: The combination of high trading volumes on global and local exchanges, along with the accumulation by large wallets, has propelled XRP's rise, and despite overall cautious market sentiment, the concentration among large holders and investor willingness to buy offers renewed confidence in XRP's trajectory.
- Investor Confidence Rebound: XRP's robust performance is closely linked to ongoing institutional accumulation, record growth in retail wallet numbers, and surging trading volumes in Asian markets, demonstrating that XRP is attracting more institutional and individual buyers even amid turbulent market conditions.
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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 6 technical signals, shows that 4 indicators are flashing buy, while 2 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 | 0.0287 | 0.045 | 0.0574 | 0.0737 | 0.086 | 0.102 | 0.115 |
| Fibonacci | 0.045 | 0.056 | 0.0627 | 0.0737 | 0.0846 | 0.0914 | 0.102 |
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