XRP Price Slides Near $2 as Gasparino Critiques Investors, Intensifying Media Clash
- Price Volatility: XRP's price has plummeted nearly 45% from a peak of $3.65, now hovering around $2, raising concerns about investor confidence, particularly as media commentary clashes with market performance.
- Media Controversy: Fox Business Network's Charles Gasparino's criticism of XRP holders has triggered a strong backlash from the XRP community, accusing him of overlooking broader market conditions and regulatory uncertainties, further intensifying tensions between traditional financial media and crypto investors.
- Regulatory Discussion: Gasparino pointed out that Ripple executives may have profited during the price decline, emphasizing that clearer regulatory oversight from the SEC could have shaped investor expectations differently, raising concerns about Ripple's corporate governance.
- Market Sentiment: While XRP supporters remain optimistic about its long-term potential, citing regulatory clarity and adoption prospects as influencing factors, the current price pressure and media criticism have led to sharply divided market sentiment, reflecting the fragility of the crypto market.
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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 | 0.517 | 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 |
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