XXRP ETF – 1-Month RS Leader Among the Top 3 Crypto/USD Pairs
$Teucrium 2x Long Daily XRP ETF(XXRP)$ ETF (1.25x XRPUSD) – 1-Month RS Leader Among the Top 3 Crypto/USD Pairs
While I’ve been sharing my rationale, discussions, and poll around taking $iShares Ethereum Trust ETF(ETHA)$ over BTCUSD ETF with entry on July 9 (still my largest MTD position), XXRP surfaced in today’s ETF scan after a notable spike in share volume over the last two weeks, meeting my 1M volume threshold on tradingview.
A quick review shows that spot XRPUSD currently has the strongest 1-month volatility adjusted rs among the three major crypto pairs since their July 9 breakout.
If the current higher low base holds and price action continues to tighten, allowing the 50-MA to catch up, this setup could mirror the hallmark structure behind my +180% $Kingsoft Cloud Holdings Ltd(KC)$ trade earlier in 2024.
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