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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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📅 Ends at 16:00, Sep 17 (UTC)
🚀 BTC & ETH Today's market data quick review (9.8)
BTC
• Current price: about 111K
• Intraday range: 110.4K–111.5K
• Technical analysis: Support around 110K is effective, MACD golden cross, bulls are gradually taking control of the market.
• Operating idea:
• Low long positions can be taken in the 110K–111K range, with a stop loss set below 109K;
• If it breaks through 116K, it is expected to hit 120K–124K.
• Be cautious if it drops below 110K, it may retrace to 104K.
ETH
• Current price: about 4300
• Intraday range: 4270-4330
• Trend: Currently in the 4230-4490 oscillation range, supported by inflows of stablecoins in the capital market, overall showing strength.
• Operation idea:
• A pullback to 4230-4300 can be used for incremental positioning;
• Add more positions after breaking 4500, target 5K.
• From a medium to long-term perspective, if funds continue to flow in by the end of the year, there is a chance to touch 6K–8K.
📊 Market Sentiment
• The Federal Reserve's expectation for interest rate cuts is rising, benefiting risk assets overall;
• BTC/ETH are both maintaining a strong oscillation pattern, with a focus on long positions in the short term. Pay attention to support and stop-loss.