* XRP is on the brink of closing its largest monthly candle ever within two days, breaking its previous record of $2.07 by a whopping 40%.
* It has been exhibiting a higher structure on the daily chart for the past three months.
* The struggle is real to get price acceptance above its previous all-time high of $3.40.
* Due to the altcoin remaining above $3 since January 15th, futures traders may be wrestling beneath this price level.
* A dip below $2.95 might just be a sneaky bull trap to fetch downside liquidity, but this situation might get followed by a 45% rally to fresh peaks.
XRP Struggle Street Continues…
Tales from the Crypt-o: XRP’s Most Significant Candle Ever
Forget birthday candles, XRP’s getting ready to blow out its biggest candle EVER! And we mean ever. Smash its $2.07 oldie by 40%, yeah, that’s the call. But apparently, it’s having a bit of a rough time getting the crowds to accept prices above its glory record of $3.40.
The Bull Trap – A Thriller
If you see prices drop below $2.95, don’t consider it an XRP apocalypse. No, that’s probably just the bulls laying a clever trap to yank downside liquidity. But hold onto your hats, because a miracle might just follow, a 45% rally to highs our humble altcoin has never seen before.
Hold onto Your Ledger Nanos, Traders!
A word to those brave future traders: seeing XRP remain above $3 since mid-January, well, that might seem like you’re teetering on a ledge. But, have faith – it’s probably only a round of wrestling under that price level.
A Witty Take…
This seems like an episode straight from the cryptocurrency version of “Game of Thrones”. The bulls, the bears, and the traders, everyone playing under the looming shadow of the mighty $3.40 dragon. Are we in for a ‘Red Wedding’ event with a drop to $2.95 or can we expect a ‘Battle of the Bastards’ with a 45% rally? Only time will tell. Brace yourself, altcoin is coming.
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#XRP #Cryptocurrency #AltcoinDrama #GameOfCryptosOriginal article: https://cointelegraph.com/news/xrp-bull-trap-lurks-below-2-95-will-altcoin-traders-take-the-bait?utm_source=rss_feed&utm_medium=feed%3Ft%3D1738179086&utm_campaign=rss_partner_inbound
