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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,
6.7 Weekend Market Trend Analysis, the morning live stream is about to begin, see you in the live channel!
Yesterday I mentioned that this place currently cannot move out of a 4H level correction, the maximum level can only move out of a 1H level correction. From the current perspective, the 1H level correction is allowed to end, and today it will move up to test the resistance in the 105000-106000 range. It is only next week that it might move out of a 4H level correction.
Ethereum's lowest point reached 2456, which coincides with the range for adding more positions. Currently, the 1H level pullback is allowed to end, and there is a demand for a 4H level rebound over the weekend. The resistance for the rebound still looks at the pressure zone of 2540-2560. Set appropriate risk control measures for the long positions, and continue to consider reducing positions and taking profits based on the pressure.
Let the bullets keep flying in the spot market!