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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,
Market Movers: XRP Near Resistance, FLOKI in Sideways Drift, BEERCOIN Goes Wild
XRP has held its own above an important mark of 2.95 in spite of pullbacks, and it now has a new level of resistance at the key point of 3.00.
FLOKI exhibited consolidation cues, in an otherwise sideways trade following a sharp mid-day decline and recovery, indicating lower volatility in the short term.
BEERCOIN produced the largest returns, up 13.83 per cent on less trading volume, reflecting speculative forces in a low-liquidity market.
Today the crypto market made opposite movements with old tokens standing stable and new ones experiencing manic actions. XRP was heading to the $3.00 resistance, FLOKI was floating as a result of volatile activity, and BEERCOIN was rocketing with high but unstable returns. All these movements signified a dynamic session that was characterized by strength, consolidation, and speculative energy in various market segments.
XRP Near Resistance
The cryptocurrency market was also marked by significant dynamics today, and XRP was able to draw attention with a definite upward trend. The token rose 3.92 percent during the day and settled at an approximate of 2.97. It was trading with some swings, however, the pressure grew towards the end of the afternoon.
Source: Binance
By mid afternoon, XRP rose above the 3.02 mark and hit its high point in the session. Following that, the market experienced a reversal yet XRP stayed at par. It held onto a zone of above 2.97, which indicated that its demand was still in place because of consecutive pullbacks.
Buying pressure was crucial in the maintenance of XRP at a level of over 2.95 over the course of the session. Bulls defended that level consistently, and the coin resisted heavy selling pressure. The challenge now lies at the $3.00 mark, which stands as the immediate resistance for further gains.
FLOKI in Sideways Drift
FLOKI painted a contrasting picture with little progress during the day. The meme coin closed at $0.00009628, reflecting a minor 0.02 percent decline. Its intraday trading demonstrated volatility, particularly around mid-day, where a sharp fall pulled the price under $0.000095.
Source: Binance
The slide triggered significant activity as volumes spiked during the drop. However, buying interest quickly absorbed the fall, leading to partial recovery. Since then, FLOKI traded in a sideways channel just under the mid-Bollinger line.
The moving averages, including the seven-day, twenty-five-day, and ninety-nine-day lines, clustered tightly together. This alignment highlighted consolidation, where price movements balanced between recent selling and renewed demand. Amplitude settled at 0.24 percent, which showed reduced short-term swings compared to earlier turbulence.
BEERCOIN Goes Wild
BEERCOIN emerged as the day’s strongest mover, surging by 13.83 percent to trade at $0.053827. The market cap grew to $2.1 million, while the circulating supply stood at 549.76 billion tokens. Despite the rise, daily volume fell by 17.54 percent, reducing activity compared to previous sessions.
Source: CoinMarketCap
The chart showed an erratic pattern with sharp movements across the trading hours. Such price behavior often reflects thin liquidity or automated speculative activity. Even so, BEERCOIN ended the day in the green, demonstrating that buyers held their ground through volatility.
Context reveals BEERCOIN has only recently gained visibility, and its moves highlight the unpredictable nature of new tokens. Rapid swings remain common, but price resilience suggests market participants kept demand alive. Its future path depends on whether volumes strengthen to support sustained growth.