Jake Claver Reconfirms XRP Bullish Outlook, Acknowledges Extended Adoption Timeline
- Long-Term Bullishness: Financial expert Jake Claver reaffirms his long-term bullish outlook on XRP while acknowledging that the timeline for large-scale adoption may take longer than expected, indicating sustained market confidence in XRP.
- Multiple Agreements Signed: Ripple has reportedly signed over 1,700 non-disclosure agreements, involving discussions with major institutions, which signals that the company is quietly laying the groundwork for future adoption, even if these developments are not immediately visible.
- Diverse Collaborations: Claver notes that these agreements likely involve engagements with governments, global banks, payment networks, and Fortune 500 companies, indicating Ripple's deep collaboration with large institutions, despite their typically slow decision-making processes.
- Infrastructure Development: Claver emphasizes that XRP's future role will be driven by real-world financial developments rather than speculative market narratives, suggesting that Ripple's long-term strategy in building global financial infrastructure remains robust.
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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 5 technical signals, shows that 1 indicators are flashing buy, while 4 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 | 0.459 | 0.788 | 1.155 | 1.484 | 1.851 | 2.18 | 2.547 |
| Fibonacci | 0.788 | 1.054 | 1.218 | 1.484 | 1.75 | 1.914 | 2.18 |
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