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
-
This Blockchain Indicator Might Show Bitcoin Rally Has Legs
Bitcoin’s price has nearly doubled this year, but the rally could have room to run. That’s based on a new report by Coin Metrics, a cryptocurrency data firm, which shows bitcoin (BTC) is not at an extreme relative to the previous market top in 2018. The MVRV ratio is a measure of bitcoin’s market value relative to its realized value. The gauge represents the difference between the cryptocurrency’s current price and the average price at which bitcoins were acquired. When it reaches an extreme, the thinking goes, traders might be inclined to take…
-
Alaya: The Dark Horse in the Field of AI Data
With the rapid advancement of AI technology, the significance of data in the field of AI is becoming increasingly evident. The quality, quantity, and diversity of data directly impact the performance and accuracy of AI models. Alaya aspires to be a leader in the field of AI search by focusing on these three aspects. It aims to utilize blockchain technology to collect and annotate data, ultimately providing people with higher-quality data. Data Quality In the field of AI, data quality holds paramount importance for model training and predictive accuracy. High-quality…
-
Bitfury’s Deep Ploughing on Blockchain Mining · Coinbasis Plan Launched
Australian Bitcoin mining hardware giant Bitfury is set to expand its industry into distributed storage. FlashFX, AgriDigital and Othera will also jointly deploy the distributed storage ecological field, create the establishment and trading of distributed storage financial derivatives, and create super servers with the world’s top three server manufacturers. With the massive growth of global data. Privacy security and access speed have become the most critical issues in data storage. Bitfury and his partners plan to develop a decentralized distributed storage, data sharding and data encryption platform without downtime. Through…
-
New asset class: NFT fusion assets created by META X CITY take off
Fusion NFTs more profound than other alternative asset classes is the timing. The world is still gripped by volatility, uncertainty, complexity and ambiguity. A fourth wave of COVID is spreading around the world, bringing with it more economic disruption. Energy prices are spiraling and clogged up shipping is leading to an acute shortage of goods, all while companies report increasing rates of resignation and nobody to fill the subsequent vacancies. Interest rates are still at rock bottom despite galloping inflation. This dynamic repeats itself over and over again, from basketball…
-
Lightspeed Coin Exchange A Global Journey of Growth and Innovation
In the ever-evolving world of cryptocurrencies, Lightspeed Coin Exchange has established itself as a beacon of reliability, innovation, and global growth. From its humble beginnings to becoming one of the leading digital asset exchanges globally, Lightspeed has charted a remarkable path fueled by a commitment to technology, security, and customer-centric services. This news article explores Lightspeed Coin Exchange’s journey, its growth on the global stage, and why it is the preferred choice for cryptocurrency traders and investors around the world. A Journey Rooted in Innovation Lightspeed Coin Exchange was founded…
-
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…
-
“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…
-
AI Store Voice Technology: Reshaping the Future of Human-Machine Communication
Among the many areas of artificial intelligence (AI) in stores, voice recognition and application generation technology are undoubtedly some of the most transformative advancements. These technologies have not only changed the way we interact with AI machines but also opened new channels of communication for people with special needs. This article will explore the latest developments in AI store voice recognition and application generation technologies, their applications in the real world, and their potential impact on future modes of interaction. Voice Recognition: A Leap in Accuracy The development of AI…
-
Real-Time Monitoring of AI Systems in Financial Institutions: A Focus on the StarSpark AI System at Alpha Stock Investment Training Center (ASITC)
The rise of artificial intelligence (AI) in the financial industry has brought about transformative changes, from automating trading to enhancing customer experiences. One of the most critical aspects of AI adoption in financial institutions is ensuring that these systems perform optimally and remain accurate, secure, and transparent. The StarSpark AI system implemented at the Alpha Stock Investment Training Center (ASITC) is an excellent example of how financial organizations can monitor and maintain the performance of AI-driven technologies in real time. This article will explore the importance of real-time monitoring in AI systems, how the ASITC leverages…
-
HB Wealth Advisors “Century Investments $10 Billion Fund” PK Competition: A Strategic Approach to Asset Allocation
In the fast-paced world of high-stakes investments, asset allocation is a cornerstone of portfolio management, determining the success of an investment strategy. For investors and asset managers alike, staying ahead of the competition is not just about identifying lucrative opportunities but also about having a well-structured and diversified approach to asset allocation. A prime example of this is the “Century Investments $10 Billion Fund,” which has captured the attention of both institutional and individual investors globally. Managed by HB Wealth Advisors, this colossal fund is competing fiercely in an increasingly…
