Did the U.S. Treasury Just Establish an XRP Wallet? Here’s What You Need to Know
Viral Screenshot Sparks Speculation: A screenshot claiming the U.S. Treasury opened an XRP wallet went viral, leading to speculation about institutional adoption of the XRP Ledger (XRPL) after being shared by prominent crypto users.
Debunking the Claim: Investigations by blockchain analysts revealed that the wallet is not affiliated with the U.S. Treasury, as its structure and transaction patterns do not align with government operations, and the domain used in the screenshot was likely fabricated.
Misleading Design Elements: The viral image utilized official-looking design elements to create an impression of legitimacy, but experts noted that XRPL explorers allow users to input any metadata, making it easy to spoof wallet authenticity.
Need for Official Confirmation: The U.S. Treasury has not made any official announcements regarding a blockchain wallet, and any legitimate engagement would be formally disclosed, highlighting the importance of verifying claims in the crypto space.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for BANK
Technical Sentiment Analysis for Lorenzo Protocol (BANK) As of , Lorenzo Protocol (BANK) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 11 technical signals, shows that 5 indicators are flashing buy, while 6 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 | 0.00256 | 0.0161 | 0.0264 | 0.0399 | 0.0502 | 0.0637 | 0.074 |
| Fibonacci | 0.0161 | 0.0252 | 0.0308 | 0.0399 | 0.049 | 0.0546 | 0.0637 |
About BANK
About the author









