CBDC Anti-Surveillance State Act passes US House in partisan vote
- CBDC Anti-Surveillance State Act: Passed in the U.S. House of Representatives, aims to limit Federal Reserve banks from offering certain products or services directly to individuals and restrict the use of central bank digital currency for monetary policy.
- Debate Highlights: Republicans express concerns about potential abuse of CBDCs, while Democrats focus on innovation and international competitiveness of the dollar.
- Key Arguments: Discussions include comparisons between New York Fed's Project Hamilton and China's digital yuan, references to Orwell's 1984, and concerns about privacy and user control over CBDCs.
- Implications of the Bill: Disputes arise over the bill's impact on retail and wholesale CBDCs, potential restrictions on Federal Reserve holdings, and risks to the U.S. dollar's global primacy.
- Alternative Proposal: Financial Services Committee member Jake Auchincloss suggests the "Power of the Mint Act" as an alternative to achieve similar goals without the perceived drawbacks of the CBDC Anti-Surveillance State Act.
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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 | 0.515 | 0.816 | 1.152 | 1.454 | 1.79 | 2.091 | 2.427 |
| Fibonacci | 0.816 | 1.06 | 1.21 | 1.454 | 1.697 | 1.848 | 2.091 |
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