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
-
Dubbed the Next Unicorn, zkTube Launches its Mainnet
zkTube is the most advanced scaling solution on Ethereum Layer 2. It has adopted ZK-Rollups that run computations off-chain and submit the validity proof to chain to provide low gas fees, higher transaction throughput for Ethereum, mainnet security, and extra privacy. It has gathered a lot of attention from over 80 countries since its launch in 2020. And the mainnet will be launched on 10th, September, 2021. zkTube Mining Mechanism is Launched zkTube team is continuously working and achieving several milestones. The zkTube mining mechanism has launched. zkTube is the only…
09/08/2021 -
CoinW Enters “Fast Lane” with Consensus 2023 Partnership
As the highly anticipated Consensus 2023 conference, hosted by CoinDesk, got underway on April 26th, CoinW made its presence known as a deep partner of the event. Attendees couldn’t help but notice CoinW’s brand elements prominently displayed throughout the conference, from the sign-in area’s background wall to the escalator and booth. This marks CoinW’s first major exhibition appearance in the United States within the Web3 field, representing a significant milestone in the company’s global strategic expansion. Caption: CoinW and Beosin, the world’s leading blockchain security company, have jointly sponsored the…
04/29/2023 -
Hong Kong Web3 Festival Concludes with Success: CoinW Unveils Highlight Moments in 2-Day Extravaganza
The “Hong Kong Moment”: 2023 Hong Kong Web3 Festival Convenes Global Web3 Community. Hong Kong, known as a hub for technological innovation, played host to over 100 esteemed Web3 events and conferences in April, with the pinnacle being the 2023 Hong Kong Web3 Festival. Spanning from the 12th to the 15th of April, this worldwide Web3 consensus event brought together tens of thousands of practitioners and enthusiasts from around the globe to explore the latest developments in the Web3 industry. CoinW, a prominent player in the virtual asset realm, also…
04/17/2023 -
DDDS is a DAO organization focusing on social e-commerce
The new crown pneumonia epidemic is spreading globally and the global economy has been shaken. The International Monetary Fund predicts that the global economy will decline by 4% in 2022, and income will evaporate by about 3.4 trillion US dollars. This is the worst economic recession since the Great Depression in the 1930s. Under the blockade restrictions, social distancing and other measures adopted by various countries in response to the epidemic, e-commerce companies have grown against the trend; in 2021, global online retail sales will reach 3.563 trillion US…
Uncategorized 12/10/2022 -
TTI LABS will soon be launched on the Firecoin eco-chain with unlimited potential
In the history of human development, innovation is eternal. Behind them, there must be the cooperation and integration of countless people’s ideas. In December, 20 years ago, the official announcement was made on the Firecoin global website, to help developers build decentralized applications flexibly and efficiently, Firecoin announced the official launch of the Huobi ECO Chain (“Heco” for short). With the market value of Bitcoin surpassing $1 trillion, many institutions and ecosystems are running to enter, and various tracks are still starting a war that cannot be seen. TTI LABS,…
02/26/2021 -
Unleashing the Full Potential of NFT Staking with Lynk
Lynk, the SocialFi platform helming the push of the Web 3.0 era, has announced the launch of its NFT staking portal that will help users unleash the potential of their Lynk NFTs. Starting from 13th March 2023, 05:00 UTC, members are able to stake their Finder and Keeper NFTs to earn attractive yield daily, with additional opportunities to accelerate their rewards through community-led activities and challenges. What is NFT Staking? NFT staking involves temporarily locking NFTs on a specific platform or protocol to gain rewards and other benefits. It is…
03/14/2023 -
23rd December: BTC/USD Balancing between $23,000 and $24,000
Konstantin Anissimov, Executive Director at CEX.IO, shares his insights about the Bitcoin (BTC) and Ethereum (ETH) daily price movements. BTC/USD On 23rd December 2020, BTC/USD opened at 23,838 and reached 24,023 in the next two hours. Being pressured down by the local resistance level, the pair was sent down to 23,478 at 05:00 UTC. In the next five hours, the pair was mainly trading sideways, keeping above the 23,460 level. At 10:00 UTC, the pair increased the falling traction and broke down below 23,460 at the close of the day’s…
12/24/2020 -
After Dogeking, The wife — DogeQueen!
Sheng Teng, China’s top comedian, claimed during his act at the recent Chinese New Year Gala Night that he is currently exploring the metaverse and comparing himself to the Doge King and his spouse to the DogeQueen. When the two former classmates learned that this was a new field of investing, they were eager to withdraw all of their funds and become large shareholders in the industry. Surprisingly, the price of Dogeking has risen more than 2000x in two days as a result of the act, and the next gem…
02/01/2022 -
Ratings of 5 blockchain games. SAVIOR is the most anticipated.
1. SAVIOR Introduction SAVIOR is the first game in Lemniscate metaverse. It is a game about adventure, exploration, and construction in the interstellar background. All the characters, game sets, background, plots are carefully designed and crafted. It is very enjoyable and highly playable. In the meantime, SAVIOR has a multiple-NFTs, dual-tokens economic model. The unique gaming economic system makes it even more attractive. It took a group of international game designers 2 years and cost nearly 15 million dollars to create this game. It is said that the first character donator was…
10/14/2021 -
The continuation of the spirit of “Mamba”: the fantastic idea when KB Token collides with the meta universe
What would it be like if everything in real life was moved into the virtual world? What would it be like if the idol we share in our hearts were reproduced in the virtual world? The end of life is not death, but forgotten, unwilling people, please don’t stop missing. Kobe Bryant, a pronoun of tenacity, love, optimism, meaninglessness and discipline, the belief in him is the reason why we can’t let go of him, and it is also the foundation of our eternal relationship with him. So here…
Uncategorized 07/14/2021