XRP Jumps as Bullish ‘Golden Cross’ Pattern Appears in Price Chart
XRP, the digital token used in Ripple Labs’ payments network, was outperforming bitcoin and other major cryptocurrencies on Tuesday, with a longer-duration technical indicator flashing a bullish signal.
The token’s price was around 48 cents at press time, up 9% on a 24-hour basis, based on CoinDesk 20 data. Other prominent cryptocurrencies such as bitcoin, ether, chainlink and litecoin were nursing moderate losses.
XRP’s 50-week moving average crossed above the 100-week moving average (MA) earlier this month, confirming a pattern known in price charts as a “golden crossover” – a long-term bullish indicator.
Traders and chart-reading analysts often see the golden cross as a sign of a definitive uptrend. As such, the latest cross may attract stronger buying pressure from trend-following traders, leading to continued price gains.
XRP’s weekly chart shows major resistance at 80 cents. The area has capped gains multiple times since September 2018.
Recommended News
-
Spectrum and Advisor Wechat Capital（AWC）Sharing the future of the financial world
In the deep sea of exploring blockchain technology, a new star is shining – Spectrum. it is not only a project, but an idea, a platform dedicated to create a decentralized, fair and open financial world. A place where everyone is free to conduct financial transactions without worrying about red tape, high fees or unfair rules. Spectrum Project OverviewSpectrum was launched by Advisor Wechat Capital, a financial advisory firm focused on diversified investments.Spectrum aims to disrupt the traditional financial model by addressing the high transaction costs, inefficiencies and opacity of…
-
Gearing Up for the Next Big Leap, The HyperNation Announced in the Year-end Global Virtual Gala
This festive season has just gotten merrier with The HyperNation revealing more exciting development in the December grand event, ‘Whimsical Gaming Kingdom’. The year-end event, set to be the largest ever held by the first virtual nation, has received encouraging responses from the massive crowd who turned up at the virtual gala on 17 December 2022 08:00 EST. All attendants were amazed by the next big leap coming forth as the New Year 2023 approaches. The year 2022 has been an exhilarating journey for The HyperNation with numerous milestones achieved,…
-
FINTOCH Advice: Principle is Key in a Bear Market
DeFi in its bull run used to generate over one thousand percent of Annual Percentage Yield. As bear market seeps in and goes deeper, the crowd is way over the frenzy around high APY. #Real yield as a new DeFi narrative has been getting people’s attention. DeFi users have been leaning towards protocols whose yield is returned not in its native token but in mainstream assets like ETH or stablecoins. As the sector develop and mature, DeFi is no longer about Ponzi and hypes. The gap between user’s knowledge and…
-
The Development of AI Stores and AI Technology
Leading the Traffic Revolution As artificial intelligence (AI) technology rapidly advances, we are stepping into a new era—a world dominated by data-driven, intelligent decision-making. From the birth of the first AI concept in 1956 to today, AI technology has undergone a massive transformation from theoretical exploration to practical application. During this process, countless enterprises and products have set sail in this wave, attempting to carve out their share in this technological revolution. Against this backdrop, AI stores have emerged as a crucial force in helping various AI businesses gain traffic….
-
BrightCoin’s Future Blueprint: Shaping the Next Generation of Cryptocurrency Trading Ecosystems
In 2024, BrightCoin has emerged as a rising star in the cryptocurrency world, earning its place in the market through its exceptional security and user experience. However, for BrightCoin, its past success is merely the beginning. Looking ahead, how will BrightCoin leverage its technological strengths and market position to continue driving innovation in cryptocurrency trading? This article will explore BrightCoin’s future development strategies and how it plans to maintain its leadership in an increasingly competitive crypto space. Expanding Cryptocurrency Support: Offering More Choices for Investors One of the primary goals…
-
StarSea Bit Exchange: The Significance of Hosting a Global Crypto Summit
In an era where digital currencies and blockchain technologies are evolving at an unprecedented rate, StarSea Bit Exchange has positioned itself as a leader by organizing a groundbreaking summit. The summit aims to bring together industry experts, traders, blockchain developers, and policymakers to explore the future of cryptocurrencies and their role in the global economy. The significance of this event goes far beyond a typical gathering, highlighting its importance not only for the exchange itself but also for the broader cryptocurrency community. The Role of StarSea Bit Exchange in Shaping…
-
Diversified DeFi Financial Protocol – Protocol 613 to go live on October 15, 2024
The world’s first open and diversified DeFi financial protocol with cross-chain machine gun pools at its core – Protocol 613 – will go live on October 15, 2024 officially. It is reported that 613 protocol is initiated by BTCITRUM TRUST FOUNDATION PTE.LTD jointly with the global DAO technology community and has received strategic investment from Tetras Capital, aiming at breaking the barriers between traditional DeFi products through the cross-chain aggregation to enable users to easily conduct asset management and transactions between different blockchains. Through the integration of core algorithmic protocol…
-
King Long Yao – A Unique Game Set to Redefine the Industry Landscape
Amidst the digital wave, the global gaming market is undergoing an unprecedented transformation. AppLovin’s new title, “King Long Yao,” with its unique gameplay mechanics and deeply integrated economic system, creates a new dimension of experience at the intersection of blockchain technology and virtual reality. This game is not only a choice for player entertainment but also represents a new way of life. Technological Breakthrough: Leading the Future of the Gaming World Technologically, “King Long Yao” utilizes industry-leading game engines Unity3D and Unreal Engine, ensuring high performance across various platforms and…
-
Eagle Crest Asset Management
Eagle Crest Asset Management: Navigating the Future of Finance Introduction Founded in 2019, Eagle Crest Asset Management has swiftly established itself as a formidable player in the financial services industry. With a commitment to delivering superior investment solutions and a customer-centric approach, the firm is dedicated to helping clients navigate the complexities of the financial markets. Led by founder Ridel Bosco Castillo, Eagle Crest is poised for growth, innovation, and sustainable success. Mission and Vision Eagle Crest Asset Management’s mission is to empower investors with knowledge, resources, and strategies that…
-
Introducing DAMN’s SecretBox
Secure, easy-to-use multichain wallet powered by DAMNCool Ecosystem DAMNCool is building a revolutionary AI-powered DeFi ecosystem, to help users manage their on-chain cryptoassets at ease, and get high yield returns through our intelligent AI yield aggregator. By creating an ecosystem that links DEX, NFT marketplace, yield aggregator and mobile app altogether, providing you the best one-stop asset management service in the blockchain world. One of the most important products in our ecosystem is our wallet app – SecretBox. SecretBox is an easy-to-use, secure and versatile multi-chain wallet dedicated to providing…
