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- 🌕 Gate Square · Creator Incentive Program Day 8 Topic– #XRP ETF Goes Live# !
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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, - 🚀 Gate $PUMP Futures Trading Challenge is Now Live!
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Announcement link: https://www.gate.com/announcements/article/47104 - 🌕 Gate Square · Mid-Autumn Creator Incentive Program is Now Live!
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Is the 2017 Scenario Repeating for XRP? This Indicator Could Herald a 3-Fold Increase - Coin Bulletin
While the altcoin market is going through a tough period due to global economic uncertainties and a possible trade war, XRP is giving a notable signal of a rise.
According to technical indicators, the XRP/BTC ratio has the potential to create a strong bullish momentum by exceeding the upper limit of the Bollinger bands.
Bollinger bands are known as an indicator showing price volatility and potential trend reversals. Breaking the upper band on the monthly chart of XRP may create bullish imbalance in the market, prompting investors to buy. This situation provides a strong signal that XRP may repeat the technical structure it experienced before the major rally in 2017**.
In 2017, the XRP/BTC rate showed an increase of almost 200% after the Bollinger band breakout. Now, as a similar structure forms, can history repeat itself? The upcoming days will be critical for XRP investors.