$XRP pumped after clearing the lower side liquidity and is now trading above key resistance levels. At this point, two scenarios are possible:
First:
This could be a classic bull trap, aiming to lure long positions before a sharp reversal. The market may give a small upward push to bait more buyers, only to dump harder.
Secondly:
It might be a genuine recovery from recent global events, such as the war-driven volatility that shook the entire market.
However, the first scenario seems more likely at the moment. Market direction is still uncertain, and we can expect fake moves to confuse and trap traders.
A major news event, whether positive or negative, could soon clarify the direction.
➡️ Use small position sizes during this period.
➡️ As mentioned earlier, it’s a good time to accumulate on spot slowly.
⚠️ Don't fall for the traps!
Stay cautious.
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