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 above the 20-month EMA would indicate a market bottom has formed. Conversely, a breakdown below this level could trigger additional downside movement and extend losses further.

For traders monitoring XRP, understanding this bear trap trading dynamic becomes essential. The proximity of these support levels creates a zone where buyers and sellers face a critical decision point. Breaking above the 20-month EMA would validate strength, whereas failure to maintain support could accelerate selling pressure and test deeper levels below.