Expert: XRP Requires a Much Higher Valuation to Make Sense
- Liquidity Role: Jesse argues that XRP is intended to serve as the primary liquidity instrument globally, facilitating cross-border settlements and large-scale value transfers, making its current $3 valuation unrealistic for the demands of major financial institutions.
- Asset Backing: He suggests that XRP could be supported by global financial assets like gold and fiat currencies, implying that its total valuation must align with the circulating supply of XRP to ensure stability.
- Valuation Floor: Jesse believes that if XRP is to function as a global liquidity source, its price cannot logically remain low, as substantial asset backing would establish a valuation floor that reflects the scale of financial reserves.
- Market Expectations: He warns that the expectation of low valuations contradicts XRP's potential role, urging the market to reassess its views on XRP's value if it is to fulfill its intended liquidity function.
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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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