🌕 Gate Square · Creator Incentive Program Day 8 Topic– #XRP ETF Goes Live# !
Share trending topic posts, and split $5,000 in prizes! 🎁
👉 Check details & join: https://www.gate.com/campaigns/1953
💝 New users: Post for the first time and complete the interaction tasks to share $600 newcomer pool!
🔥 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,
In the downward wave, try to go long only at each low point to prevent it from directly breaking through new lows after support rebound. Shorts on SOL were too strong both last night and the night before, with each drop from the highest point exceeding 30 points. High-leverage players were basically forced to liquidate without any buffer opportunity. 157 is the watershed for longs and shorts, with only about 30 points of adjustment space below. The short-term support below 157 is around 152.85, and the rebound is conservatively expected to be between 156-157. Then, the bottom area is around 143.85. Once it is confirmed that 157 is effectively broken, layouts can be made at 138, 128, and 122. Since 112 corresponds to the strong support level of 5w3 for BTC, market makers usually don't let it break easily. Once broken, 100 will basically not hold, entering the Bear Market phase. Therefore, the key points to grasp in the downward wave are 138-122.