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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,
#山寨币行情即将到来?# According to the analysis of the XRP daily chart, a typical descending triangle pattern has formed, which is usually regarded as a bearish signal. The current price is hovering around the key support level of 3.0, forming a certain consolidation area, but based on the trend since September, this support level is at risk of being broken.
Technical indicators show that XRP may experience increased selling pressure in the range of 3.0-3.1. Once the support level is effectively broken, the subsequent price target area may drop to around the levels of 2.9, 2.8, and even 2.7.
Investors can closely monitor the performance of the 3.0 support level, as this position is crucial for the short-term price direction. $XRP