Analyst: XRP Wouldn't Reach $10,000 Even If All Traders Take This Action
XRP Valuation Analysis: Analyst Levi Rietveld argues that despite optimistic predictions, XRP cannot realistically reach $10,000 per coin due to the constraints of global wealth and its fixed supply of 100 billion tokens.
Global Wealth Limitations: The total global wealth, estimated between $900 trillion and $1 quadrillion, sets a hard ceiling on XRP's potential valuation, as not all wealth can be liquidated and redirected into a single asset without causing market disruptions.
Market Mechanics and Liquidity: Price discovery for XRP is influenced by liquidity and market dynamics, which impose natural limits on price increases, emphasizing that assets designed for utility do not require extreme prices to function effectively.
Long-Term Potential vs. Exaggeration: While Rietveld acknowledges XRP's long-term growth potential driven by adoption and regulatory clarity, he stresses the importance of understanding mathematical and economic boundaries to avoid unrealistic expectations.
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Technical Analysis for XRP
Technical Sentiment Analysis for XRP (XRP) As of , XRP (XRP) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for XRP 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 stock.
Support, Resistance & Moving Averages From a structural perspective, XRP 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 $-.
XRP (XRP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.516 | 0.817 | 1.154 | 1.454 | 1.791 | 2.092 | 2.429 |
| Fibonacci | 0.817 | 1.06 | 1.211 | 1.454 | 1.698 | 1.848 | 2.092 |
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