XRP Plunge Below $3 Reveals Bull Trap as Bollinger Bands Defend Key Level

XRP's sudden reversal shocks traders as technical indicators flash warning signs.

The Bollinger Band Battle

Bollinger Bands aren't just holding—they're putting up a fortress-like defense at current levels. The squeeze pattern that developed throughout September now shows its true colors as price action tests the lower band with unusual force.

Bull Trap Mechanics Exposed

That rapid ascent toward $3? Pure trap material. Smart money saw the classic signs: parabolic moves without proper volume confirmation, retail FOMO kicking in at precisely the wrong moment. Now the charts reveal what seasoned traders suspected all along.

Technical Reality Check

Price action doesn't lie—even when Wall Street analysts try to. The pullback below $3 signals more than just profit-taking; it reveals structural weakness in the recent rally. Meanwhile, traditional finance veterans shrug—another day, another crypto 'revolution' that looks suspiciously like every other pump-and-dump they've seen since the 1600s.

XRP faces its moment of truth as technicals override hype.