XRP Price Shows Signs of Bull Trap: Will Altcoin Traders Wait for a Ripple Dip or Capitalize on the Breakout?
XRP has been on a remarkable rally in recent months, breaking past several key resistance levels and gaining strong momentum in the market. But is a bear trap lurking ready to trap unsuspecting traders?
As of January 30, 2025, Ripple’s XRP is trading at approximately $3.12, marking a steady climb. However, despite the bullish sentiment, analysts warn of a potential bull trap lurking just below the $2.95 level, which could shake out overleveraged long positions before an eventual breakout.
