CNBC Guest Claims Ripple (XRP) Could Supplant SWIFT
Ripple's Challenge to SWIFT: Dan Morehead, founder of Pantera Capital, emphasized in a CNBC interview that Ripple is actively competing with SWIFT, aiming to modernize international payments with its XRP Ledger technology, which offers faster and cheaper transactions.
Outdated SWIFT Infrastructure: Morehead highlighted the inefficiencies of SWIFT's legacy system, which can take days for transactions, contrasting it with Ripple's near-instant settlement capabilities that address the urgent need for improved global finance solutions.
Recognition of XRP's Utility: The discussion reinforced the notion that XRP has practical applications beyond speculation, as Ripple's partnerships with banks and payment providers demonstrate its utility in enhancing international money transfers.
Solana's Performance Mentioned: While praising Solana's transaction capabilities, Morehead still underscored Ripple's mission to replace or enhance SWIFT, indicating that Ripple's focus on real-world financial needs is a significant aspect of its value proposition.
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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 | 0.517 | 0.817 | 1.154 | 1.454 | 1.792 | 2.092 | 2.429 |
| Fibonacci | 0.817 | 1.061 | 1.211 | 1.454 | 1.698 | 1.848 | 2.092 |
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