CEO Of Failing Project Joins Messari Founder To Criticize Ripple and XRP
Criticism of XRP: Gene Hoffman, CEO of Chia Network, criticized XRP, likening it to the Enron collapse and accusing Ripple of misleading investors, while highlighting perceived flaws in many blockchain projects.
Market Performance Comparison: Despite Hoffman's remarks, XRP has shown resilience and recent gains amid legal challenges, contrasting with Chia's significant decline in token value, raising questions about its long-term viability.
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Technical Analysis for XCH
Technical Sentiment Analysis for Chia (XCH) As of , Chia (XCH) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for XCH 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, XCH 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 $-.
Chia (XCH) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 1.862 | 2.416 | 2.89 | 3.444 | 3.918 | 4.472 | 4.946 |
| Fibonacci | 2.416 | 2.809 | 3.051 | 3.444 | 3.837 | 4.079 | 4.472 |
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