Research Shows XRP Ledger's Carbon Footprint Matches That of a Single Transatlantic Flight
XRP Ledger's Environmental Impact: The XRP Ledger has a minimal carbon footprint, equivalent to that of a single Boeing 747 transatlantic flight, with each transaction producing only 8.1 mgCO₂e and consuming just 0.020 Wh of electricity.
Network Growth and Activity: Despite a decline in active user engagement and daily transactions, the XRP Ledger's total addresses grew by 4% quarter-on-quarter, and the market cap for real-world assets reached $131.6 million, driven by new token launches.
Stablecoins and NFTs Performance: Ripple's RLUSD stablecoin saw a 49% increase in market cap, while the NFT sector experienced a significant resurgence, with daily transactions rising nearly 227% due to increased minting activity.
Carbon Neutrality and Consensus Mechanism: The XRP Ledger is recognized as the world's first major carbon-neutral public blockchain, utilizing a consensus mechanism that avoids energy-intensive mining and offsets its energy consumption through carbon credits.
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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 | 0.516 | 0.817 | 1.154 | 1.454 | 1.791 | 2.092 | 2.429 |
| Fibonacci | 0.817 | 1.06 | 1.211 | 1.454 | 1.698 | 1.848 | 2.092 |
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