Cohen & Steers Preferred Securities & Income Fund's 15min chart triggers KDJ golden cross.

The 15-minute chart for Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund recently exhibited a KDJ Golden Cross and Bullish Marubozu pattern on April 22, 2025, at 14:15. This indicates a shift in the momentum of the stock price towards an upward trend, suggesting potential for further growth. The fund's performance is currently being driven by a strong presence of buyers, which is likely to continue the bullish momentum.

Coinbase has made a significant move in the cryptocurrency market by launching regulated XRP futures, further solidifying the asset's presence in institutional trading. The futures contracts, introduced by Coinbase Derivatives LLC, are now available for trading and are CFTC-regulated, marking a substantial milestone for the company and the broader crypto industry [1].

The new XRP futures contracts come in two versions: a standard contract representing 10,000 XRP and a retail-focused "nano" contract sized at 500 XRP. Both contracts are cash-settled in U.S. dollars and designed to offer accessible and capital-efficient trading solutions for both institutional and retail participants. Coinbase aims to enhance market liquidity and provide robust risk management tools through these new futures [1].

The launch of Coinbase's XRP futures coincides with a growing regulatory clarity for cryptocurrencies, particularly after the U.S. Securities and Exchange Commission (SEC) dropped its appeal in the Ripple case. Ripple's $50 million settlement with the SEC has resolved a key legal obstacle, contributing to renewed investor confidence in XRP. This momentum has supported the debut of Teucrium’s 2x leveraged XRP exchange-traded fund (ETF), signaling progress in XRP's entry into traditional financial markets [1].

Ripple has also expanded its institutional reach by acquiring prime brokerage Hidden Road, which handles over $10 billion in daily liquidity. This acquisition positions XRP for a key role in cross-asset settlements and is seen as a defining moment for the XRP Ledger and XRP by Ripple's Chief Technology Officer David Schwartz [1].

Ripple CEO Brad Garlinghouse has expressed optimism about XRP ETF approvals, citing a more favorable regulatory environment and several pending ETF applications. He envisions XRP's inclusion in a U.S. cryptocurrency stockpile. Standard Chartered forecasts a 500% rise in XRP's value by 2028, potentially surpassing Ethereum [1].

In addition to these developments, the 15-minute chart for Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund recently exhibited a KDJ Golden Cross and Bullish Marubozu pattern on April 22, 2025, at 14:15. This technical indicator suggests a shift in the momentum of the stock price towards an upward trend, suggesting potential for further growth [2].

References:
[1] https://api.news.bitcoin.com/wp-json/bcn/v1/post?slug=coinbase-launches-regulated-xrp-futures-as-bullish-momentum-accelerates
[2] Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund - 15-minute chart analysis (Internal Document)