XRP and warning about the potential formation of a bearish trap in the $1.90–$1.93 range

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According to the latest analysis from 36 Crypto, technical analysts are paying attention to a potentially dangerous developing situation on the XRP chart. The current XRP price is at $1.85, but the $1.90–$1.93 zone is identified as a potential trap area—a technical pattern where the price shows weak signals before a sharper decline.

Technical signals and key pivot points

The $1.90 zone is considered a critical liquidity threshold, where traders often place protective orders. The 20-month EMA (around $1.93) acts as a primary trend filter, helping to determine XRP’s long-term trend. If the monthly close surpasses this EMA, it would signal a potential bottom formation and a possible trend reversal.

Risks if the trap is triggered

Conversely, if the price breaks strongly below these support levels, a larger chain of losses could be triggered across the entire cryptocurrency market, not just XRP. Traders should closely monitor price movements in this zone to make decisions aligned with their strategies.

XRP0,76%
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