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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,
The Asian market is manipulating prices, and during the Asian market period, it fell below the fluctuating range of the US market last night.
The completed action is a fall below the support, resulting in a breakdown of the downward structure.
The European market is in a consolidation phase, with the entire European market oscillating near yesterday's low.
and did not create a lower low or a higher high. Moreover, during the European market
After the end, the price experienced a rise, and looking at the candlestick chart, it rebounded to the Asian market.
Fibonacci 0.382 + fvg + the position of the previous day's US market low, then the indicator starts to look bearish. Formation is
A lower high. Note that at this moment there is bearish information at 8:30, indicating that
The European market has formed a bearish structure.
The task completed in the Asian market is to distribute, the US stock market opens, and it falls with the trend, breaking below the European market low.
The structure destruction of the fall continues, forming lower lows.
The next few days this week are looking bearish.
I have also incurred losses at the ETH level mentioned above and have stopped out.