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.
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,…12/30/2020
DoubleAce Token Presale Is Now Open To The Public
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Groundbreaking Entry: CoinW Becomes offiical supporter of EAFF E-1 Championship 2022
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Asthe Insurance Industry Evolves, BIG Takes the Lead with BlockchainTechnology
Thedevelopment of China’s insurance industry started relatively late.However, as the living standards of its citizens improved, theinsurance industry went through a similar overhaul. In 2020, theinsurance industry realized 4.53 trillion yuan in premium income, ayear-on-year increase of 6.1%. Among them, health insurance isgrowing at a rapid rate. In 2020, the premium income for healthinsurance will be 817.3 billion yuan, a year-on-year increase of morethan 15%. Even so, compared with the United States, Japan and othercountries, the development of China’s insurance industry is still inits infancy. In terms of insurance depth…03/04/2021
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