đš XRP Heating Up: Bull Trap or Bull Run? đš
After hitting a fresh ATH, $XRP is consolidating above $3.35 â a key level bulls are defending. Meanwhile, traders have stacked $258M in shorts around $3.68, betting on a reversal. Yet, XRP is holding strong at $3.50 đ„
đ§ Whatâs interesting?
Volume up 16% â More participants = more volatility incoming
$56.8M XRP withdrawn from exchanges â HODLers playing the long game?
RSI at 83 â Overbought, but consolidation suggests strength
đ Bears eye $3.412 (where $69M longs sit)
đ Bulls need a break above $3.684 (heavy short interest zone)
đ Experts stay bullish:
95% odds of XRP Spot ETF approval đź
Some are calling $15 XRP (a +327% move) based on bullish flag breakout on the weekly
My take? We're in a classic squeeze setup. If ETF rumors gain traction and shorts donât cover fast â we might see fireworks. Still, donât ignore the RSI. Short-term correction? Possible. Long-term bias? Bullish unless we lose $3.35. đ§
DYOR and stay sharp.
