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
-
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…
-
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,…
-
Dragon Mainland —— new star of GameFi field/industry that leads NFT game ecology, Official launch of Genesis Eggs
2021 is known as the first year of NFT. Axie Infinity started the NFT and GameFi wave on this summer. Since then, P2E games with NFT as its core asset have occupied the market rapidly and NFT encryption game has entered a high-speed development stage. With development, Axie’s bubble problem begin to emerge. Due to the lack of a good token closed-loop and deflation mechanism, the players’ income can not be guaranteed, which makes the whole blockchain game play criticized and limits its own development. At the same time, game…
-
A Game-Changer in the Future of NFTs – Booster Marketplace
Fellow Citizens of The HyperNation, Following our recently held event “The Circle of Convergence”, we are delighted to announce the launch of our very own ‘Booster Marketplace’, officially live on 17th November 2022. The specially articulated marketplace will both be available on OpenSea and The HyperNation platform. It is a welcoming news for Citizens of The HyperNation as users can receive the rewards at a faster release rate and increased value. Summarizing the Booster features: The Value Booster can increase the reward depending on their respective package The Speed Booster…
-
Industry Special! CoinW announces free BTC transaction fees
“Difficult tasks are tackled from where it is easy, and great undertakings have small beginnings”, from the Tao-te Ching, chapter 63. On July 5, 2022, CoinW announced to its global users that BTC transactions fee are free. It is reported that CoinW is the first leading exchange in the world to announce free BTC transaction fee. As we all know, as the world’s most emerging industry, the fintech sector brings together the world’s best talent. And exchanges are one of the most lucrative business models in the fintech industry, and for…
-
BitKeep V7.0 comes with a new NFT Market
We are happy to introduce BitKeep V 7.0 on March 15th, 2022. As the top decentralized multi-chain crypto wallet in Asia, BitKeep brings a new UI and improved sections in the 7.0 version to present our users with enhanced services and add an extra layer of security to the encrypted crypto trading environment. Aside from the improvement in terms of UI, transaction convenience, user experience, security and more, BitKeep V 7.0 has launched new features including NFT Market and Discover. https://www.youtube.com/watch?v=FskRmYjXqbY BitKeep V7.0 1. New UI The UI is re-designed to be aesthetically consistent…
-
MatrixSwap Secures Strategic Investment from Leading Web3 Investment Firm 3.Foundation to Propel the Future of Decentralized Finance
On August 13, 2024, MatrixSwap reached a significant milestone as 3.Foundation, a renowned Web3 investment firm in the U.S., announced a $5 million strategic investment in the platform. This investment underscores MatrixSwap’s potential and technical prowess, marking a new chapter in the evolution of decentralized finance (DeFi). 3.Foundation is recognized for its pivotal role in the Web3 ecosystem and recently launched a $45 million Decentralized Futures Program to support diverse projects. Their investment in MatrixSwap reflects their confidence in the platform’s innovative cross-chain bridge technology and the pioneering Proof…
-
From”Poor Dad, Rich Dad” to Mobius Wallet, Robert Kiyosakicreates a cash flow game that ordinary people can participate in!
On December 13, Robert Kiyosaki, the author of “Poor Dad and RichDad”, tweeted that fortunately, I bought Bitcoin. Its next stopis $50,000. Institutional funds will continue to be purchased in2021. If you missed Bitcoin, buy silver. As a result of AOC’s GreenNew Deal, silver will also rise. For gold, silver, Bitcoin andentrepreneurs, the future is bright. As awell-known figure in the field of economics, Robert Kiyosaki’s bookssuch as “Cash Flow Game”, “Poor Dad and Rich Dad”,”The Road to Financial Freedom” are sold worldwide. “PoorDad, Rich Dad” was published in the…
-
Le jeu Metaverse Murphy sera-t-il la star la plus éblouissante du BSC
“Quelle est exactement la fin d’Internet? Serait-ce un méta-univers?” La science-fiction “Avalanche” dépeint un monde virtuel en ligne multijoueur appelé Metaverse, où les utilisateurs peuvent voir la scène du méta-univers à travers le dispositif oculaire et se trouver dans un monde virtuel dessiné par ordinateur avec des lumières brillantes et des millions de personnes dans la rue centrale. Les routes principales et les règles mondiales du méta-univers sont formulées par la Computer Association Global Multimedia Protocol Organization.Les développeurs doivent acheter des licences de développement foncier, puis construire des rues, construire…
-
Emperor blue ecological public chain, to create the third world super intelligent city 2.0 pioneer
With the continuous progress of society, the continuous development of science and technology, the continuous improvement of people’s living standards, the continuous diversification of demand, the global intelligent construction is imperative. According to the data, there are thousands of smart cities in the world. The market size is expected to be 700 billion US dollars in 2023. In order to promote the rapid development of intelligent city, the perfect use of block chain technology and unique characteristics, Di Lan chain came into being. DiLan Chain —— Building Distributed Bottom Data…
