⚠️ Bear Trap Alert? XRP Shows Strength After Sharp Drop
In the past 24 hours, XRP experienced heightened volatility, plunging from $2.44 to $2.29 triggering panic across the market. Many traders rushed to short the asset, anticipating a continued downward trend. However, signs now suggest this could have been a classic bear trap.


🐂 XRP Bulls Absorb the Panic as Volume Fuels Rebound
According to CoinMarketCap, XRP's rapid decline sparked high-volume selling much of which appears to have been caused by stop-loss triggers. But as the dust settled, buyers possibly institutional investors or whales stepped in to absorb the pressure.

With a slight 3.07% uptick in volume, now totaling $3.46 billion, XRP has managed to claw its way back up to $2.35, showing signs of resilience and recovery.

Although still 3.62% below its previous high, the market structure shows strength, especially after defending the key $2.30 support level.


📈 Eyeing $2.65: Could XRP Complete a Bullish Reversal Pattern?
Now, all eyes are on the $2.65 resistance. Breaking this level could confirm a bullish inverse head-and-shoulders pattern, opening the door for a potential rally toward $3.42.

If momentum falters, however, XRP risks a retest of the $2.00 support a crucial level to hold.


📊 Historical Edge: Will May Push XRP to $3.00?
Historically, May has been a bullish month for XRP, and current technicals are aligning with that trend. If this trajectory holds, XRP could very well touch the $3.00 mark before month-end.