Building First Web 3.0 Bank On XRP Ledger (XRPL)
Monerex's Web 3.0 Bank: Monerex is launching the first Web 3.0 bank on the XRP Ledger, aiming to merge traditional banking with decentralized finance (DeFi) to enhance accessibility, security, and inclusivity in financial services.
Advantages of XRPL: The XRP Ledger provides high transaction scalability and efficiency, making it an ideal platform for Monerex's banking infrastructure, which seeks to drive mainstream adoption of decentralized finance and create new economic opportunities.
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Technical Analysis for BANK
Technical Sentiment Analysis for Lorenzo Protocol (BANK) As of , Lorenzo Protocol (BANK) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 12 technical signals, shows that 5 indicators are flashing buy, while 7 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BANK 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, BANK 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 $-.
Lorenzo Protocol (BANK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000247 | 0.0143 | 0.0253 | 0.0394 | 0.0504 | 0.0645 | 0.0755 |
| Fibonacci | 0.0143 | 0.0239 | 0.0298 | 0.0394 | 0.049 | 0.0549 | 0.0645 |
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