When Jim Cramer Called XRP a Con
Cramer's Criticism and XRP's Rise: CNBC host Jim Cramer previously dismissed XRP as a "con" when it was priced at $0.38, but the token has since surged to $3.14, highlighting a significant shift in market perception and investor confidence.
The Cramer Bounce Phenomenon: The trend known as the "Cramer Bounce" suggests that assets Cramer criticizes often see substantial price increases, as evidenced by XRP's growth, which contrasts with traditional financial commentary and indicates changing investor priorities in the digital asset market.
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Technical Analysis for XRP
Technical Sentiment Analysis for XRP (XRP) As of , XRP (XRP) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 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 | 0.602 | 0.86 | 1.165 | 1.423 | 1.728 | 1.986 | 2.292 |
| Fibonacci | 0.86 | 1.075 | 1.208 | 1.423 | 1.638 | 1.771 | 1.986 |
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