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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,
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Once again Bitcoin is in contention to position itself for a reclaim of the light blue resistance of $97700
Bitcoin needs a Daily Close and/or a retest of said level to ensure continuation
Upside wicks beyond light blue have been happening very frequently as of late, hence the importance of a Daily Close to break the cycle of rejection at this resistance