Ripple's Business Strategy: Rising Demand for XRP Will Boost Its Price
Ripple's Business Model: Ripple's internal document reveals that the company's business model relies on sustained demand for XRP, which is linked to the asset's functional use within its network, emphasizing that genuine utility is essential for organic demand and price appreciation.
Focus on Utility Over Speculation: The document highlights that XRP's value appreciation is contingent on real-world adoption and usage, rather than speculative trading, with its core functions being network security and serving as a bridge currency for cross-ledger transfers.
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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 | 0.603 | 0.86 | 1.166 | 1.423 | 1.729 | 1.986 | 2.292 |
| Fibonacci | 0.86 | 1.075 | 1.208 | 1.423 | 1.638 | 1.771 | 1.986 |
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