XRP bull trap lurks below $2.95 — will altcoin traders take the bait?

XRP is currently priced at 3.02 USD and nearing a key monthly close. If it dips below 2.95 USD, it may signal a bull trap while targeting liquidity, although a subsequent rally could drive it up by 45%.

While retail interest in XRP is strong, recent price performance shows signs of weakness. A breach below 3.00 USD could trigger significant selling pressure as traders cut their losses.

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