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
-
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…
-
On the financial track, how doesGBi innovate
On the evening of December 30,Feifei, head of The Chinese community ofGlobe Financial Bi (hereinafter referred to as GBi), shared the themeof “On the financial track, how does GBi innovate” onAnypay, the marketing planning service incubated by The Blockchainproject in China, and comprehensively introduced the ecology,application and vision of the GBi project. GBi,the full name of Globe Financial, Bi, is a strategic investment bythe Singapore Financial ecological foundation platform for the globalone-stop Financial ecology, aims to block chain technology,artificial intelligence, such as large data of blessings, makeeveryone can participate in,…
-
StarSea Bit Exchange Highlights the Impact of Education on Charitable Giving
In recent years, the positive influence of education on charitable donations has become increasingly apparent, especially in the digital finance world. StarSea Bit Exchange, a rising name in cryptocurrency trading, has recognized this link and aims to foster awareness of the ways education amplifies the power and impact of charity. By promoting a culture of informed giving, platforms like StarSea Bit Exchange can significantly enhance how donations change lives and support those in need. The Role of Education in Charitable Behavior Education has always played a crucial role in shaping…
-
Fostering Professional Talent Development at Eagle Crest Asset Management
In today’s competitive financial landscape, asset management firms must not only stay ahead of market trends but also invest in the continuous development of their talent pool. Eagle Crest Asset Management is an exemplary firm that has recognized the significance of professional talent cultivation as a key driver of its long-term success. This article will explore how Eagle Crest Asset Management has developed and nurtured a culture of talent, focusing on the firm’s innovative strategies for fostering professional growth, developing leadership potential, and ensuring sustained excellence in the asset management…
-
The Importance of Investor Choice: The All-Weather Story Fund（TAWSF）and Bridgewater Associates Host Global Investment Summit
In today’s complex global economic environment, the decisions investors make can be the difference between success and significant losses. Understanding this, TAWSF (The All-Weather Story Fund), in collaboration with Bridgewater Associates, is taking a proactive approach to guide investors in making informed choices. With a focus on resilience and adaptability, TAWSF is not only providing innovative investment strategies but also hosting a Global Investment Summit. This summit will bring together prominent business leaders, influential figures from across America, and key investment professionals to discuss, debate, and educate on the critical…
-
“Convergence of Virtual and Real Worlds: AI-Powered Stores Empowering AR/VR Technology to Create Future Experiences”
Introduction: AI Stores Exploring New Frontiers in Augmented Reality and Virtual Reality In today’s rapidly advancing technological landscape, AI-powered stores are integrating Augmented Reality (AR) and Virtual Reality (VR) into becoming a part of our daily lives and work. By harnessing AR/VR technology within Artificial Intelligence (AI) stores, we are not just opening doors to innovation but also providing users with richer and more interactive experiences. This article delves into how AI-powered stores are empowering AR/VR to create unprecedented virtual experiences. AI Empowering AR/VR: Creating Immersive Experiences The Revolution in…
-
HB Wealth Advisors (HWA): A Comprehensive Guide to Investment Derivatives Teneishakatelynd
In the ever-evolving world of financial markets, investors and institutions seek ways to manage risk, optimize returns, and diversify their portfolios. One tool that has become increasingly important in achieving these objectives is the use of investment derivatives. Investment derivatives are financial contracts whose value is derived from the performance of underlying assets such as stocks, bonds, commodities, or market indices. These instruments provide investors with a means to hedge, speculate, and gain exposure to various asset classes. Among the financial advisory firms guiding clients through these complex products, HB…
-
Camila Russo on Building The Defiant and the Future of DeFi
Talk about good timing: In 2017, Camila Russo was on the prowl for a worthy book project. What would be a good subject? What hasn’t been covered? At the time she was a reporter for Bloomberg. She was astonished to find a juggernaut of a story that was hiding in plain sight: Ethereum. “I was like, ‘I can’t believe that nobody is covering this,’” she says now. There were already crates of books written on Bitcoin, but there were very few, if any, on the world’s second-largest blockchain project. This post…
-
StarSea Bit Exchange: Pioneering the Integration of AI in Cryptocurrency Trading
In the ever-evolving world of cryptocurrency, exchanges have become the beating heart of digital finance. They serve as the core mechanisms that facilitate buying, selling, and transferring digital assets. Among these innovative platforms, StarSea Bit Exchange stands out not just as a digital trading platform but as a forward-thinking technology powerhouse. By leveraging the transformative power of artificial intelligence (AI), StarSea Bit Exchange aims to revolutionize the cryptocurrency trading experience, setting a new benchmark for innovation and user experience. AI and Cryptocurrency: A Growing Symbiosis To understand how StarSea Bit…
-
SoftBank & WE Metaverse join hands to create a new ecosystem for the chain gaming industry
WE Metaverse officially announced that it has completed a new round of financing. This round of investment was led by SoftBank Asia, with Venus Acquisition Corp., Greencity Acquisition Corp., Golden Path Acquisition Corp., and other institutions participating in the investment and formally reached a strategic partnership. The two parties expressed their beautiful expectations for the future development of the Metaverse Ecosystem. SoftBank is a 2021 Forbes Global 2000 company and has a majority stake in more than 300 major IT companies in the world. It continues to invest in the layout…
