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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
This wave of orders is actually a bit disgusting, bearish from the 94800-95800 range, but has been bottoming out near 93500, and there is no chance to receive more near 90,000, the high point broke 97800, and 97200 is very close in the day. The news is endless, a state in the United States has passed a bill, Sino-US tariffs have been activated, Ethereum has been upgraded, the India-Pakistan conflict, Russia-Ukraine negotiations, the Federal Reserve has not moved, and institutions have increased their positions! It's too difficult, control the position, the news side can only increase the volatility and speed! It doesn't represent a trend! If the pie wants to break the previous high, there will be a pullback. Test around 90,000! The only mistake may be the timing of the short order entry, and now the profit and loss is more advantageous than the short ratio, and there is no overnight success! Don't want the pressure in the 99500-10000 range, 99500 is a K-line entity, and 100,000 is expected! The running range is 9-100,000, and the closer to 100,000, the greater the winning rate! The closer to 90,000 long, the trend is king!