New Insights into XRP Ledger's Energy Use and Carbon Footprint
XRP Ledger Energy Consumption: The XRP Ledger consumes approximately 493,677 kilowatt-hours annually, with each transaction using about the same energy as running an LED light for one millisecond, showcasing its low energy demand compared to proof-of-work blockchains.
Carbon Emissions Comparison: The XRP Ledger's annual carbon emissions are measured at 63 metric tons of CO₂ equivalent, significantly lower than Bitcoin's 104 million tons, highlighting the environmental efficiency of the XRP Ledger.
Efficiency Metrics: Each XRP transaction emits only 0.00002 kilowatt-hours of energy, while a Bitcoin transaction emits around 578 kilograms of CO₂, illustrating a substantial gap in sustainability between the two networks.
Significance of Findings: The updated figures reinforce the XRP Ledger's position as a low-impact blockchain, emphasizing the advantages of consensus-based systems over traditional proof-of-work models in terms of energy use and carbon emissions.
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Technical Analysis for XRP
Technical Sentiment Analysis for XRP (XRP) As of , XRP (XRP) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 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 | 0.513 | 0.815 | 1.151 | 1.453 | 1.788 | 2.09 | 2.426 |
| Fibonacci | 0.815 | 1.059 | 1.209 | 1.453 | 1.696 | 1.847 | 2.09 |
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