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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,
Analyst Liang Qiu: On 9.15, BTC and ETH repeatedly surged and then fell back, forming a long upper wick. Follow the pressure from above.
BTC ETH surged after the morning session and then fell back again. The upper high point does not break, showing significant pressure on the upper wick in the four-hour and eight-hour charts. After multiple surges and falls, there will still be further downward space for the market. Pay attention to small profits or directly exiting at break-even for the previously laid out strategy. Look for opportunities to short when prices rise, and adjust strategies in a timely manner as the trend changes. BTC and ETH surged to 116750 and 4668 respectively in the morning session, and the focus will be on whether this position will be under pressure on the daily chart.
On the daily K-line chart, the recent price has been oscillating at a high level, rebounding after a long lower wick, and then forming small bearish and bullish candles for several consecutive days, indicating a relatively balanced market between bulls and bears. In the 4-hour period, it has entered a sideways consolidation phase, currently within a narrow fluctuation range. Technical indicators in the 4-hour period show that the DIF and DEA are gradually converging, with the red bars shortening, indicating a weakening of upward momentum; however, overall it remains above the zero axis, with a strong trend bias. The MACD green bars on the daily level are beginning to shorten, showing signs of a potential golden cross, but it has not yet been confirmed. Currently, the short-term downward pin bar is still likely to correct upward, and after the correction is complete, there will be a decline.
Operational suggestion: enter the market for BTC around 115800 to 116300, target around 114000; for ETH, short around 4590 to 4620, target around 4480. #美联储降息预期升温# #币圈趣事分享# #RWA赛道,你押谁#