Software Engineer: XRP Has Been Selected
Historic Milestone: The XRP Ledger has achieved a significant milestone by closing 100 million ledgers, prompting celebrations within the XRP community and reigniting discussions about its real-world utility and decentralization.
Debate on Legitimacy: The milestone announcement led to a heated online exchange, with supporters defending XRP's legitimacy against critics who question its adoption and usage in the market.
Institutional Validation: Supporters like Vincent Van Code argue that XRP's partnerships with major financial institutions, such as Ripple's collaborations with Mastercard and Web Bank, indicate growing institutional validation and adoption of the technology.
Performance Evidence: The 100 million ledger closures serve as a testament to the XRPL's stability and operational readiness, suggesting that real adoption is occurring despite skepticism from competing crypto communities.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for BANK
Technical Sentiment Analysis for Lorenzo Protocol (BANK) As of , Lorenzo Protocol (BANK) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 12 technical signals, shows that 5 indicators are flashing buy, while 7 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BANK 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, BANK 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 $-.
Lorenzo Protocol (BANK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0003 | 0.0144 | 0.0254 | 0.0394 | 0.0505 | 0.0645 | 0.0756 |
| Fibonacci | 0.0144 | 0.0239 | 0.0299 | 0.0394 | 0.049 | 0.055 | 0.0645 |
About BANK
About the author
