Attorney John Deaton Praises Cardano-XRP Wallet Connection as Hoskinson Reveals Major Initiatives
Cardano's Lace Wallet Integration: Cardano's Lace wallet will support XRP by the end of the year, showcasing a partnership between Cardano and the XRP community, as highlighted by lawyer John Deaton.
Hoskinson's Global Scalability Plans: Charles Hoskinson announced advancements in Cardano's scalability with the introduction of Hydra and the Laos protocol, alongside discussions with industry leaders to strengthen Cardano's global presence.
Governance and Regulatory Focus: Hoskinson addressed concerns about Cardano Foundation's participation in industry events and emphasized the importance of the Clarity Act for clearer digital asset regulations while dismissing negative media reports.
Gemini's XRP Mastercard Anticipation: John Deaton expressed confidence that Gemini's new XRP Mastercard will outperform other crypto cards, emphasizing the need for support from the XRP community for its success.
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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 | 0.518 | 0.818 | 1.155 | 1.455 | 1.793 | 2.093 | 2.43 |
| Fibonacci | 0.818 | 1.061 | 1.212 | 1.455 | 1.699 | 1.849 | 2.093 |
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