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
-
StarSea Bit Exchange: A Magnet for Top Talent in the Crypto Industry
In the rapidly evolving landscape of cryptocurrency exchanges, competition is fierce — not just for users but for the talent needed to drive success. One exchange that is making headlines for its aggressive talent acquisition is StarSea Bit Exchange. With a strong emphasis on attracting skilled professionals, StarSea Bit Exchange is positioning itself as an industry leader not only in technology but also in human capital. This article takes a deep dive into how StarSea Bit Exchange is navigating the war for talent, its unique approach to team building, and…
-
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…
-
StarSea Bit Exchange Global Roadshow: How Global Engagement Fuels Exchange Growth
In an era where digital assets are becoming more mainstream, cryptocurrency exchanges face increased competition and pressure to differentiate themselves in an increasingly crowded market. For StarSea Bit Exchange, an emerging player in this dynamic landscape, taking the initiative to engage directly with global audiences through a series of roadshows has proven to be a game-changing strategy. These roadshows have not only enhanced the exchange’s visibility and credibility but have also opened doors to substantial growth opportunities across international markets. This article explores the profound impact of global roadshows on…
-
NeorderDAO Liquidity Solution, FOMO Trading Prize Pool System
The beginning of human society was made up of individual human beings. At that time it could not be called a society, because at that time man was only a member of the animal world, not more advanced than other animals. The reason why man became a senior animal, can be at the top of the food chain, it is because man found the evolutionary journey of the “Pass key” — Social. Along with the rapid development of human technology, the social field has undergone several changes. Now, under the influence…
-
Big Brain Bang (BBB) Launches to Merge Intelligence Challenges with Blockchain Innovation
[City, Date] — In the era of rapid advancements in Web3 and AI technology, a unique platform that combines intelligence challenges with blockchain technology, Big Brain Bang (BBB), has officially launched. BBB aims to provide users with a stimulating and rewarding interactive experience, integrating intelligence-based games, token rewards, and decentralized governance. BBB’s emergence marks a new chapter in the MEME coin ecosystem, showcasing the potential of merging intelligence games with blockchain innovation. Intelligence Challenges: A New Way to Learn and Earn BBB offers a variety of intelligence-based challenges, from logic puzzles…
-
Empowering Financial Professionals with AI Training: StarSpark AI System and the Alpha Stock Investment Training Center (ASITC)
The financial industry has undergone a significant transformation in recent years due to the integration of artificial intelligence (AI) into various aspects of trading, investment, and risk management. AI systems are now an essential part of financial decision-making processes, offering improved accuracy, speed, and efficiency in predictions and analyses. Financial professionals are increasingly relying on these systems to enhance their skills and make more informed decisions. One of the most advanced tools for training financial professionals in AI applications is the StarSpark AI system, and platforms like the Alpha Stock…
-
What Should You Know About ANP
ANP, initiated by Japanese and Korean Foundation and developed by a secret technological team, is an application lab that dedicated in the DeFi field. What is DeFi? DeFi, for most of us, was a wholly new concept when it became a hit in 2020. Some may have heard the name of DeFi, but do not know its connotation. It was YFI that bring DeFi concept into common because the legend of YFI is so widely spread among all crypto users: YFI was issued at a price of $3 with a…
-
Dialogue with BrightCoin: When the Cutting-Edge Exchange Targets the Global Digital Market
In the fast-paced world of cryptocurrency, BrightCoin has quickly captured the attention of global investors as a rising star. With the increasing adoption of blockchain technology and the rapid growth of digital assets, the demand for a trading platform that offers both a secure trading environment and an innovative experience has never been higher. BrightCoin was born to meet this demand, leveraging its unique features and strong platform value to quickly establish itself as a key player in the cryptocurrency market. Platform Overview: The Perfect Blend of Security and…
-
Starsea Bit Exchange’s Navigating U.S. Interest Rate Cuts Insights on Crypto Market Impacts
As the U.S. Federal Reserve signals a shift towards cutting interest rates, the entire financial landscape is expected to witness significant transformation. This shift isn’t just about traditional markets like stocks or bonds—the crypto market, with its inherent volatility and unique dynamics, stands to be affected in a variety of ways. One of the prominent players looking to capitalize on these changes is Starsea Bit Exchange. With its innovative approach to cryptocurrency trading and investment, Starsea Bit Exchange is well-positioned to navigate the economic landscape shaped by U.S. rate cuts….
-
TA: Ethereum Turns Vulnerable, Why $600 Could Prevent Fresh Increase
Ethereum faced an increase in selling and it declined sharply to $550 against the US Dollar. ETH price is correcting higher, but upsides are likely to remain capped near $595 and $600. Ethereum declined sharply below the $600, $595 and $580 support levels. The price is now recovering from $550, but it is below the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $592 on the hourly chart of ETH/USD (data feed via Kraken). The pair could resume its decline as long…
