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 Jumps as Bullish ‘Golden Cross’ Pattern Appears in Price Chart](http://www.defispeak.com/wp-content/themes/biznews/themer/assets/images/lazy.png)
XRP’s weekly chart shows major resistance at 80 cents. The area has capped gains multiple times since September 2018.
Recommended News
-
New organizational paradigm driven by DDDS DAO blockchain technology
The full name of DAO is Decentralized Autonomous Organization, and the Chinese translation is “decentralized autonomous organization” or “decentralized autonomous organization”. According to the earlier official website of Ethereum, DAO is a group of like-minded people, an organization built around a certain mission, which coordinates and cooperates through a set of rules (smart contracts) executed on the blockchain, Finally, to achieve the mission. Historically, the concept of organization has centered around strict ownership structures. Companies began to introduce open, flat organizational structures that allowed more people in the company to…
Uncategorized 12/27/2022 -
RISE OF UNIVERSE: the blockchain game star in 2022
In 2022, the NFT project entered a new outbreak stage, the gamefi track was fully hot, and the play to earn mode promoted the development of blockchain games to a new height. However, at present, most blockchain games in the world are still in the white paper stage, and the vast majority of blockchain games are still in a simple game introduction, with no actual games to play. Strictly speaking, such a blockchain game is not a real blockchain game, but a scam in the name of blockchain game. Therefore,…
05/19/2022 -
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…
05/04/2024 -
IAI Token, Smart Contract Platform for New Era
1. The development of blockchain Blockchain technology is a distributed network data management technology that uses cryptography technology and distributed consensus protocols to ensure network transmission and access security, realizes multi-party data maintenance, cross-validation, consistency across the network, and it is not easy to tamper. As an important evolution of the new generation of information and communication technology, the blockchain provides new ideas for the management and value release of data elements, and provides a new way to establish a trusted collaboration network for cross-industry entities. After the COVID-19 epidemic,…
01/19/2021 -
Galactic Convention valueGalaxy – light illuminates the world
The success of individuals and enterprises is always inseparable from theword “value”, and the most intuitive embodiment of “value”is the increase in the value of finance and money. And thedevelopment of real history, the emergence of blockchain technologyis quietly changing the nature of global economic development. Thepopularity, application and circulation of digital currency have madethe initial investors get a hundredfold return on their investment.Block chain technology is pushing inclusive finance to a new level. At this time, the birth of the Galactic Convention in addition tolending, remittance, settlement, sales of…
12/17/2020 -
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…
11/17/2021 -
AI-Powered Retail Stores Leading Future Trend Predictions
In an in-depth exploration of the revolutionary role of Artificial Intelligence (AI) stores in the field of predictive analytics, we not only witness its widespread application across various industries but also see the profound changes brought by technological evolution. By combining the latest technological advancements, real-world application cases, and analysis of future trends, we can gain a more comprehensive understanding of the impact and the challenges and opportunities faced by AI-powered predictive analytics. Deepening Understanding of AI Predictive Analytics AI predictive analytics utilizes machine learning and deep learning technologies to…
03/12/2024 -
Galaxy’s Institutional Ethereum Funds Raise $32M at Launch – From a Select Few
Galaxy Digital’s institutional-grade ether (ETH) funds have raised over $32 million since their February launch, according to documents filed Friday with the U.S. Securities and Exchange Commission. Early returns – for an “onshore” $22 million fund and its Cayman-domiciled $10 million sibling – reveal a small but deep-pocketed clientele participated in the twin funds’ earliest days. Just five total investors have joined the funds since Galaxy unveiled them in late January. The funds debuted as ETH settled in the $1,500 range, well below highs set February when the native asset of the world computer…
03/07/2021 -
Announcement from Hong Kong Digital Cash Exchange (HKDCE)
Dear HKDCE users: HKDCE is proud to announce that we will soon launch the first physical asset-backed cryptocurrency project, Gold Mountain Coin (GMC), on our spot trading market. Schedule: We will officially launch GMC on August 28, 2023, and enable GMC/USDT trading pair. Deposit: Effective upon launch (Supported network: TRC20) Trading: 16:00 August 28, 2023 (HK, UTC+8) Withdrawal: 16:00 August 28, 2023(HK, UTC+8) Smart Contract: TRC20 What is GMC? GMC is a physical asset-backed cryptocurrency project. It is a digital asset token issued…
Uncategorized 08/28/2023 -
In 2022 Elven World, the dark horse, Gamefi phenomenon is born! The Genesis equipment pre-sale is officially open!!
The Metaverse , also known as the next-generation Internet, exploded in 2021. However, the Internet’s practice of mapping the real world into the virtual space is still in its infancy. Some metaverse projects stay in the partial mapping of reality, such as somatosensory and VR games. And Gamefi games, a breakthrough in the metaverse world, have been sought after by users all over the world! The rapid development of GameFi is inseparable from the distributed structure of blockchain technology. Through this distributed structure and the confirmation of assets by the blockchain,…
01/20/2022