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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,
📊 BB/USDT 1D — technical analysis
The asset continues to move in a downward channel, currently testing the upper resistance boundary around 0.17 USDT.
MA (7, 25, 99): short-term and medium-term moving averages have already turned upward, signaling an attempt at a bullish momentum.
Ichimoku: the price has settled above the cloud, which gives a bullish signal and hints at a possible continuation of the rise.
SAR: points below the chart — confirmation of the upward trend.
Bollinger Bands: the expansion of the range indicates an increase in volatility.
📌 Key levels:
Support: 0.148 – 0.153 USDT
Resistance: 0.171 – 0.185 USDT
⚠️ If the price breaks through the upper boundary of the channel and consolidates above 0.171 USDT, this could signal the beginning of a stronger upward movement. Otherwise, a new decline to the area of 0.15 USDT is possible.
👉 At this stage, the asset is at a crossroads: a breakout of the channel will give the bulls an advantage, while a pullback will keep the price in a descending structure.