Trader says XRP price setting ‘biggest bear trap’ after June monthly open

CoinTelegraph·

Trader says XRP price setting ‘biggest bear trap’ after June monthly open

60-second summary

XRP is trading below its key macro support, a level that analysts warn could trigger a massive bear trap if reclaimed. The current price is testing this crucial threshold, which has historically provided significant resistance. If XRP successfully breaks above it, a substantial price surge is expected, potentially catching bears off guard and sending the market into a frenzy.

XRP trades below key macro support, but analysts say reclaiming it could trigger one of the biggest bear traps.