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.alsobook.com/wp-content/themes/blockone/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
-
OEC (OKEXChain)’s first NFT asset aggregation platform Dematrix will be launched on the mainnet soon
The official opening of the third phase of OKEXChain has opened a new era of DeFi ecology, which is good news for everyone in the blockchain world. OKExChain is the world’s first transaction chain-a blockchain technology infrastructure built for transactions. Through the development of “blockchain middleware” and operational support for transaction scenarios, it reduces the development costs of application developers and improves users’ Trading experience. As an open public chain ecology, anyone can campaign to become an OKExChain super node, or they can issue their own digital assets, create their…
Uncategorized 08/04/2021 -
Goldman Digital Asset Lead Sees Mergers Ahead for Crypto Infrastructure Providers
A Goldman Sachs executive predicts there may be consolidation coming for cryptocurrency infrastructure providers as the market matures. In a recent company podcast, Matt McDermott, global head of digital assets for Goldman Sachs Global Markets Division, hinted that “incumbent banks” – like Goldman – could face pressure to increase their crypto business lines, with one obvious path being mergers and acquisitions. “This is a fast-evolving landscape where the crypto incumbents have certainly made huge progress over the last couple of years,” McDermott said. “There is an expectation from clients now that…
03/07/2021 -
With 50+ games hosted on the system and funding exceeding $4.1 billion, Tech-Finger – AI-driven deep revolutionary dividends for the gaming industry
With the rapid development of artificial intelligence (AI), the gaming industry is undergoing a deep revolution, and Tech-Finger, a leading gaming technology company, is actively leading this revolution and bringing huge dividends to the gaming industry. Driven by AI, Tech-Finger has brought far-reaching changes to game development, user experience and industry ecology, opening up new prospects for development. Nowadays, more and more game companies are including AI as a must-have issue, and no one wants to lose the possibility of the future. Who is “embracing” AI? …
Uncategorized 01/03/2023 -
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,…
Uncategorized 12/21/2022 -
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 -
“Applications of AI Stores in Retail and E-commerce: Leading Industry Transformation
In the digital age, Artificial Intelligence (AI) stores have become a key driving force in the retail and e-commerce sectors. Through highly personalized recommendation algorithms, advanced inventory management systems, and the automation of customer services, AI stores are reshaping the future of the industry, bringing unprecedented efficiency and customer experience to businesses. This article will explore the applications of AI stores in these areas and look forward to their profound impact on the retail and e-commerce sectors. Personalized Recommendations: Creating Customized Shopping Experiences Personalized recommendation systems are one of the…
Uncategorized 03/12/2024 -
Ethereum’s ‘EIP 1559’ Fee Market Overhaul Greenlit for July
One of the most significant and contentious alterations to the Ethereum blockchain in recent memory is now scheduled for inclusion into its codebase. Ethereum Improvement Proposal (EIP) 1559 will be packaged with the London hard fork this coming July regardless of the mining industry’s discontent with the proposal, according to the All Core Developers call Friday. At least five other EIPs are likely to join EIP 1559 in London. EIP 1559 flips a typical blockchain transaction on its head in order to fix numerous issues with Ethereum’s user experience. Traditionally, a user sends a gas…
Business 03/07/2021 -
Axie Infinity’s single-day revenue broke tens of millions! Why do I prefer the new Dragon Mainland
According to Token Terminal data of data statistics company: Axie Infinity’s one-day revenue was $18.48 million, its monthly revenue was $334 million, and its market value reached $4 billion within 3 months. Its ecological token AXS also rose 46 times in just 3 months, from about 2 USDT in June to the highest 94.8 USDT. Axie Infinity is taking the spotlight. According to the latest data from Coingecko, AXS is currently worth around 66 USDT and is still going up. The popularity of AXIE has undoubtedly opened up a good traffic portal for the game…
09/28/2021 -
Alaya:High-quality data is the future of AI
As the field of artificial intelligence continues to evolve, security and stability have improved, and so have the requirements for data quality. If the former algorithm model using the general data set is the rough food, then now the algorithm model needs to be customized nutritional meal. If companies want to further improve the ability to implement the model, they must gradually move away from the original common data set and Internet data, and actively engage in customized data collection to create a core data barrier. At present, the world-wide…
07/10/2023 -
Reshaping AI in Fintech: The Future of Financial Technology’Introduction: AI Leading Financial Innovation
In the fintech sector, the application of Artificial Intelligence (AI) stores has become a significant force driving industry innovation and efficiency. Through applications in algorithmic trading, risk management, and customer service automation, AI technology not only optimizes financial service processes but also enhances decision-making accuracy and the level of personalized service. This article will explore key application areas of AI in fintech and its impact on future financial services. Algorithmic Trading: The Speed and Intelligence of AI in the Market Accelerating the Decision-Making Process In financial markets, algorithmic trading uses…
03/12/2024