Ripple CTO: XRP Price to $100 Unlikely, Highlights Market Realities
- Lack of Market Confidence: Ripple CTO David Schwartz highlighted that XRP's price remaining well below $10 indicates that very few market participants believe in a realistic path to $100, reflecting a lack of conviction around extreme price targets.
- Historical Lessons: Schwartz shared his personal experience of once believing XRP reaching $0.25 was improbable, ultimately selling at $0.10, illustrating the unpredictability of market behavior and the need for cautious outlooks on future prices.
- Market Logic Analysis: He argued that if a significant number of rational investors believed there was a 10% chance XRP could hit $100 in the coming years, they would not be selling below $10, indicating that current pricing reflects limited confidence in extreme targets.
- Price and Belief Relationship: Schwartz emphasized that XRP's price will not rise simply because people want it to; actual capital commitment is necessary to drive price changes, and current levels reflect realistic assessments of future outcomes rather than mere repetition of targets.
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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 | 0.518 | 0.818 | 1.155 | 1.455 | 1.793 | 2.093 | 2.43 |
| Fibonacci | 0.818 | 1.061 | 1.212 | 1.455 | 1.699 | 1.849 | 2.093 |
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