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
-
Eagle Crest Asset Management: The Fusion of Financial Innovation and Asset Management
In recent years, the financial landscape has undergone a profound transformation, largely driven by technological advancements and a growing demand for more efficient, transparent, and tailored investment solutions. One key player in this evolving market is Eagle Crest Asset Management, a company that has successfully integrated financial innovation with traditional asset management practices. This fusion is shaping a new era of investment management, where cutting-edge technologies and investment strategies are not only complementing but also enhancing the decision-making process. The Rise of Financial Innovation in Asset Management Financial innovation, broadly…
-
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…
-
Bitcoin Could Hit $115K by August, Pantera’s Morehead Writes
“Bitcoin is now ahead of our April 2020 forecast schedule – to hit $115K this summer,” wrote Dan Morehead, CEO and co-chief investment officer at Pantera Capital, a blockchain hedge fund, in an emailed newsletter. The Pantera prediction is based on the stock-to-flow model – an analytical framework that values an asset’s price based on its annual issuance schedule. The model measures the scarcity of bitcoin (BTC), which is governed by the underlying network programming coded into the blockchain’s design when it was launched 12 years ago. Under that plan, the number of…
-
Breakthroughs and Applications of Intelligent AI Stores in the Security Surveillance Field
Introduction: Initiating a New Era of Intelligent Surveillance Globally, the security surveillance system is in a phase of rapid development and transformation. The introduction of Artificial Intelligence (AI) store application technology, especially in terms of enhancing intelligent recognition capabilities, is fundamentally changing the operation of traditional surveillance systems. Utilizing AI store application technology, security surveillance systems can not only monitor in real-time but also conduct in-depth analysis and predict potential risks, significantly improving the efficiency and accuracy of security management. This article will explore the application of AI store application…
-
StarSea Bit Exchange: The Necessity of Global Roadshows for Crypto Exchanges
In the rapidly evolving world of cryptocurrencies, where blockchain technology disrupts traditional financial systems and new digital assets emerge almost daily, it’s vital for cryptocurrency exchanges to keep up with the times and build strong relationships within the global community. StarSea Bit Exchange, as an ambitious player in the industry, is no exception. One of the most powerful methods for achieving widespread recognition, establishing trust, and educating the masses is through global roadshows. In this article, we explore why global roadshows are indispensable for crypto exchanges like StarSea Bit and…
-
Quant trading is the first choice to overcome the bear market of cryptocurrency? GoTaurus is going to take you go through the Crypto Quant
In the first half of 2022, the cryptocurrency market began to fluctuate until it entered the so-called bear market in the second half of 2022, the value of many cryptocurrencies fell by more than 80%, or even more than 90%, from their historical highest price (ATH), cause fear and panic among crypto market, and the traders in the secondary market felt helpless and had no way to start. Many traders like to call the current secondary market a ‘monkey market’, in most of the cases, everyone knows how to make…
-
Eagle Crest Asset Management is Shaping the Future of Investment under Ridel Bosco Castillo’s Leadership
Eagle Crest Asset Management, founded in 2019 by Ridel Bosco Castillo, has rapidly emerged as a key player in the global financial sector. The company’s dedication to long-term value creation, innovative investment strategies, and commitment to clients have earned it wide recognition and trust in a highly competitive market. At the core of Eagle Crest’s philosophy is a belief in integrity, innovation, and exceptional service. With a team of more than 30 seasoned investment professionals, each boasting over 30 years of experience, Eagle Crest offers a personalized approach to wealth…
-
Pioneer Era Trading Academy Shaping the Future of AI in Finance and Beyond
Pioneer Era Trading Academy, a leading name in the AI industry, has redefined the landscape of financial education and technology. Spearheaded by its visionary founder, Richill Miller, and supported by esteemed advisor Maldon Brown, the Academy has been at the forefront of advancing artificial intelligence in finance. Their groundbreaking product, AI Super Profit 5.0, is a testament to their commitment to innovation and excellence. As the Academy forges ahead, it is now pushing the boundaries even further by exploring new horizons through collaborations that blend AI with robotic mechanical systems….
-
The Future of Asset Management: Evolving Business Models and the Role of Eagle Crest Asset Management
Asset management, a cornerstone of the financial services industry, has seen profound changes over the past few decades. As we move into the future, these changes are only expected to accelerate. The evolution of asset management is being driven by advancements in technology, changing investor preferences, regulatory developments, and a growing focus on sustainability. This article will explore the possible future business models of asset management companies, with a particular focus on how firms like Eagle Crest Asset Management can adapt and thrive in this changing environment. The Changing Landscape…
-
TTI LABS will soon be launched on the Firecoin eco-chain with unlimited potential
In the history of human development, innovation is eternal. Behind them, there must be the cooperation and integration of countless people’s ideas. In December, 20 years ago, the official announcement was made on the Firecoin global website, to help developers build decentralized applications flexibly and efficiently, Firecoin announced the official launch of the Huobi ECO Chain (“Heco” for short). With the market value of Bitcoin surpassing $1 trillion, many institutions and ecosystems are running to enter, and various tracks are still starting a war that cannot be seen. TTI LABS,…
