XRP Flashing Potential Bear Trap Setup as Key Support Levels Draw Attention
Technical analyst ChartNerd has raised concerns about XRP potentially developing a significant bear trap pattern in proximity to the $1.90–$1.93 range, as highlighted through 36 Crypto analysis. The $1.90 mark stands as crucial liquidity support, while the 20-month exponential moving average near $1.93 serves as a critical trend filter for the cryptocurrency.
Current XRP price sits at $2.12, placing it above these critical junctures. The technical setup suggests two possible scenarios ahead: a monthly close positioned
Technical analyst ChartNerd has raised concerns about XRP potentially developing a significant bear trap pattern in proximity to the $1.90–$1.93 range, as highlighted through 36 Crypto analysis. The $1.90 mark stands as crucial liquidity support, while the 20-month exponential moving average near $1.93 serves as a critical trend filter for the cryptocurrency.
Current XRP price sits at $2.12, placing it above these critical junctures. The technical setup suggests two possible scenarios ahead: a monthly close positioned
XRP11,79%