Ripple CEO Unveils Significant Price Forecast, XRP Community Responds
Brad Garlinghouse's Prediction: Ripple CEO Brad Garlinghouse predicts Bitcoin will reach $180,000 by December 31, 2026, a statement made during Binance Blockchain Week in Dubai, which has sparked varied reactions within the XRP community.
Supporters' Perspective: Some community members view Garlinghouse's prediction as a significant signal of positive developments in the market, suggesting that such specific forecasts are typically based on underlying market conditions.
Call for Caution: Others urge a more cautious approach, emphasizing the need for data-driven analysis and independent verification before accepting long-term price targets, reflecting a preference for evidence-based trading strategies.
Credibility Concerns: The prediction has also raised questions about Garlinghouse's credibility, as some critics point to his past inaccurate forecasts, highlighting the importance of considering historical accuracy when evaluating new claims.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR) As of , Major (MAJOR) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 0 indicators are flashing buy, while 5 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MAJOR 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, MAJOR 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 $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0609 | 0.0686 | 0.0774 | 0.0852 | 0.094 | 0.102 | 0.11 |
| Fibonacci | 0.0686 | 0.0749 | 0.0788 | 0.0852 | 0.0915 | 0.0954 | 0.102 |
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