#xrp #Ripple
⚠️ XRP Sends Mixed Signals After 4 Green Closes — Rally or Trap? 🧐
XRP looked like it was ready to fly 🚀
But the momentum just vanished, and now the charts are flashing red flags.
🔍 What Just Happened?
✅ 4 consecutive green candles (May 31 – June 3)
⛔ BUT — no spike in volume, no confirmation
📉 June 4 → first red candle of June
😬 Weak volume = weak conviction
“Without volume, green closes are just noise.” — Master Ananda
📉 Key Levels to Watch:
Resistance: $2.2959 (0.382 Fib)
Support: $2.00 (0.236 Fib)
Below $2 = danger zone 🟥
XRP needs a volume breakout above the 0.382 Fib to confirm a real rally. Without it, a return below $2 is likely.
🧠 Sentiment Check:
Daily volume: Weak (<$5B = bear vibes)
Open Interest: High ($3.94B = traders still engaged)
Positioning:
🔻 52.75% SHORT
🔺 47.25% LONG
➡️ Crowd is betting on more downside
🧠 My Take:
XRP’s failed follow-through is a warning.
Until we see volume + breakout, this could be a classic bull trap.
If $2 fails? I’ll look at re-entry zones around $1.88–$1.92.
💬 What do YOU think? Is XRP coiling for a surprise breakout, or are the bears in charge?
👇 Drop your trade bias in the comments 👇
