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- 🚀 Gate Square Newbie Village · Episode 1 ✖️ @Ryakpanda Community
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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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Raydium and Jupiter are leading thanks to the boost from Solana
DeFi protocols on Solana such as Raydium (RAY) and Jupiter (JUP) are among the strongest risers in the market on Friday, driven by the bounce back of Solana (SOL).
According to DeFiLlama data, the TVL of Raydium reached $2.578 billion and Jupiter reached $3.580 billion, indicating high liquidity and network usage levels. Meanwhile, CoinGlass recorded an open contract (OI) of RAY increasing by 5% to $40.67 million and JUP rising by 12% to $165.17 million in 24 hours, reflecting new capital flowing into the derivatives market.
The price of RAY rose by 4%, heading towards the resistance zone of 3,960 USD, while JUP bounced back by 5% and surpassed the 200-day EMA at 0.5532 USD, with the nearest target being 0.6339 USD. Both the MACD and RSI indicators reinforce the bullish outlook for both tokens.