XRP Becomes More Valuable Than McDonald’s in Market Shakeup
Main Idea
XRP's market value briefly surpassed $215 billion, exceeding companies like McDonald's and American Express, after a 500% rally, but faces resistance at $3.65 with indicators suggesting a potential short-term pullback.
Key Points
1. XRP's market cap briefly exceeded $215 billion, surpassing McDonald's and American Express, following a 500% rally since July 2024.
2. The token reached a new all-time high of $3.65 but faced resistance at this level, leading to a pullback.
3. Support at $3.43 held firm despite selling pressure, with trading volume increasing by 7.15%, indicating active market interest.
4. Technical indicators like MACD and RSI suggest slowing momentum and overbought conditions, signaling potential short-term corrections or consolidation.
5. The resistance at $3.65 remains a key barrier for further gains, while $3.55 acted as an intraday median between buyers and sellers.
Description
XRP faces resistance at $3.65 after 500% rally, signaling short-term exhaustion MACD crossover and high RSI suggest momentum cooling after parabolic surge Support at $3.43 holds firm as volume rises 7.15%, indicating active market interest XRP’s latest rally pushed the token’s market value beyond that of global giants like McDonald’s and American Express, as its market cap briefly climbed past $215 billion. The explosive move came after a 500% gain since July of last year, with XRP reaching a ne...
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