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.
Crypto Investor MetaKovan Announced as Buyer of $69.3M Beeple NFT
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CoinW Enters “Fast Lane” with Consensus 2023 Partnership
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Who is the king of decentralized lending? Hecolend is coming!
In recent years, the social and financial status of digital assets has been significantly improved. A large number of digital asset holders regard it as an asset with the same status as real estate and are willing to hold and store it for a long time. At present, many digital asset players hope to hold digital assets for a long time, but due to their own capital turnover needs, the value of digital assets has not been widely recognized by traditional financial institutions, and they cannot obtain funds through other…02/08/2021
Koala Arithmetic Mining Platform and Cryptouniverse reached a strategic cooperation to increase the layout in Russia
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Discover Musk, Metaverse, NFT and NPC from the historical trajectory
In 2004, one year after the launch of MindArk’s real-money economic game Entropia Universe, a user named Deathifier bought a treasure island on Planet Calypso for 265,000 PED (Project Entropia Dollars, equivalent to US$26,500). Treasure Island made history as the most expensive virtual item at the time, and Deathifier claimed to achieve a balance of payments within a year. He started filling the island with special thugs, taxing tourists and selling houses. Over time, Reddy MMORPG has launched more planets, some of which are operated and managed by other companies…12/14/2021
Cross-chain interoperability can not be realistic?
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AMC global car chain with trillion market, is about to start the era ofcar chain network!
The automobile industry has gonethrough a hundred years of development, and the industrial patternhas gradually passed the mature stage, ushering in a new round ofchange. Vehicle manufacturing, parts manufacturing and otherperipheral services bring together a large number of top engineeringtechnology and huge industrial clusters, the development of theseindustries promote the global automotive industry innovation andupgrading, the formation of the backbone of the global manufacturingindustry, but also the focus of human engineering technology. Now that the global automotiveindustry is entering the era of new energy and intelligence,traditional driving models are about…12/24/2020
The First NFT issued by the Li-Ning “Way of Wade” Designer , Achieved Final Transaction Price of USD$174,458 ,Drives New Trends of Sports NFT
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HyBriid 2.0: the Key Force in the Fintoch Ecosystem
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The Circle of Convergence: HyperNation Officially Kicks Off a Series of Exciting Updates!
The highly anticipated community event is finally here. After days of waiting for the rumoured mega updates, HyperNation announced several new features poised to bring value-adding perks to all loyal hodlers. The event entitled ‘Circle of Convergence’ records a whooping attendance of 8,000+ unique online participants who turn up and celebrate with the community worldwide. The recent price hike of HNT to a phenomenal 139% was a prelude that cued its tokenomic fitness as the market confidence gradually picked up its momentum. Now, to further release the potential of…Uncategorized 11/13/2022