Trader says XRP price setting ‘biggest bear trap’ after June monthly open
Hex37's read
- XRP is trading below a crucial macro support level.
- Analysts suggest a reclaim of this level could form a bear trap.
- The June monthly open is a key point of reference.
What it means for traders
- Monitor XRP's ability to reclaim the broken support for potential reversal signals.
- A sustained break below support could indicate further downside for XRP.
Affected markets
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