XRP Technical Signals and Rakuten Payment Activation
- Strong Technical Signals: Market analyst CW has identified a golden cross formation on XRP's Relative Strength Index (RSI), typically interpreted as a bullish signal, indicating a potential price rally that could break historical highs and reach the Fibonacci 6.618 extension target, showcasing significant upward potential.
- Unusual Trading Volume: XRP has maintained unusually high trading volume over the past seven weeks, suggesting institutional accumulation in the $1.30 to $1.50 range, further solidifying bullish sentiment in the market for this asset.
- Rakuten Payment System Launch: Japanese e-commerce giant Rakuten has activated XRP payment functionality on its platform, reaching approximately 44 million users and 5 million businesses, providing ordinary consumers with easy access to XRP and marking a significant step towards mainstream adoption of the asset.
- Cross-Chain Collaboration Speculation: Solana's verified social media account shared a mysterious reference to XRP, igniting discussions about potential cross-chain collaboration; although no official statement has been made, community reactions indicate anticipation for future partnerships.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for BASED
Technical Sentiment Analysis for Based (BASED). As of , Based (BASED) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BASED 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, BASED 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 $-.
Based (BASED) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
About BASED
About the author
