Ripple Secures $500 Million Funding, Valuation Reaches $40 Billion
- Successful Funding: Ripple completed a $500 million share sale in November 2024, boosting its valuation to $40 billion, with participation from major institutions like Citadel Securities and Fortress, reflecting strong market confidence in Ripple's future.
- Strategic Partnerships: This funding not only provides financial support but also establishes strategic partnerships with Citadel and Fortress, particularly in bridging blockchain technology with capital markets, enhancing Ripple's competitive edge.
- Business Integration and Expansion: Having acquired four firms last year, Ripple's focus will be on integrating these businesses into its ecosystem and expanding infrastructure products for enterprise clients, driving both organic and acquisition-based growth.
- IPO Plans: Despite discussions around a potential IPO, President Monica Long stated that Ripple plans to remain private for now, emphasizing that the company does not need to go public for financing due to strong interest from new investors, indicating a robust financial position.
Get Real-Time Alerts for Any Crypto Movement
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 | 0.517 | 0.817 | 1.154 | 1.454 | 1.792 | 2.092 | 2.429 |
| Fibonacci | 0.817 | 1.061 | 1.211 | 1.454 | 1.698 | 1.848 | 2.092 |
About XRP
About the author
