๐ $XRP Price Watch: Local Bottom or Bull Trap?
XRP is testing investor nerves again โ trading around $2.90 after a sharp drop from its recent high of $3.66. The market's now split:
๐ Is this a healthy dip before liftoff?
๐ Or a classic bull trap waiting to collapse?
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๐ What Just Happened?
Heavy liquidations on Binance triggered a sharp correction
Whales sold off, driving prices down to $2.75
XRP now hovering near key support at $2.70โ2.95
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๐ก๏ธ Local Bottom Signs
โ Strong support zone still holding
โ Double-bottom pattern forming
โ Oversold indicators suggest bounce potential
โ Upcoming catalysts: SEC case clarity & U.S. crypto policy boost
โก๏ธ Break above $3.20 = Possible push to $3.60+
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โ ๏ธ Bull Trap Risks
๐ซ Whale flows still negative
๐ซ Weakening volume
๐ซ Rejection near $3.20 may lead to $2.30โ2.50 retest
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๐ง Final Take
XRP is at a critical level.
โ Hold above $2.70? Bulls may take charge.
โ Drop below? Bears may regain control.
๐ฏ Donโt trade on hype โ follow levels, volume & momentum.
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#XRP #CryptoUpdate #RippleNews #XRPPricePrediction #Altcoins
