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XRP Just Pulled Off the Biggest Bear Trap in Crypto History – Here’s Why It Matters
XRP Just Pulled Off the Biggest Bear Trap in Crypto History – Here’s Why It Matters
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XRP just executed the most savage bear trap ever recorded—leaving short-sellers bloodied and bulls in control.
The Setup:
After weeks of sideways action, XRP’s price looked primed for a breakdown. Bears piled in, betting on a collapse. Then—wham.
The Reversal:
A violent 20% surge vaporized $250M in short positions. Classic trap. Now, the question isn’t 'if' but 'how high.'
Why Traders Got Played:
Liquidity was too thin, leverage too high. When the squeeze came, it was a massacre. Even Wall Street’s 'smart money' would’ve blushed at this level of predatory precision.
What’s Next:
If history rhymes, this could be the launchpad for XRP’s next leg up. Or, you know, another 'buy the rumor, sell the news' circus—this *is* crypto, after all.
XRP 1D ChartXRP 1D Chart
Moreover, the Relative Strength Index (RSI) remains at the 64 mark, indicating sustained bullishness despite not yet being in an overbought zone. Notably, these figures indicate that XRP is still in an uptrend, although the momentum has cooled.
In addition, Dom noted during the latest price upsurge that the spot-perp premium, which indicates whether the market is overheated, ROSE to dangerously high levels. However, the drop that followed helped reset the premium, creating a healthier environment for the next leg up.
https://twitter.com/traderview2/status/1948396782393647321
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