As the market is not positive, perhaps #XRP will pull a drop to generate liquidity, the drop may serve to take out the stops and liquidate before rising.
✅ Correct — this is a classic 'bear trap' movement. And here is the reasoning behind it:
📉 When the market is bearish:
• Many traders sell in panic or place short stops below support.
• Institutions and big players (smart money) often force artificial drops to:
• Collect cheap liquidity;
• Induce retail selling;
• And then, push the price up quickly (movement called 'squeeze').
💣 XRP and events until the 20th:
Knowing that there are strong triggers between the 16th and 17th, such as:
• Release of escrow of US$ 125 million;
• Spot ETF;
• Official statement from the SEC;
… smart money may slightly drop the price now, liquidate those who are leveraged, grab the liquidity, and drive the rise before the events.