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via Cointelegraph · By Cointelegraph Staff
XRP Analysis Sees 'Bear Trap' as Price Faces June Test
XRP
XRP/USDT
$1.0002
-0.23%
$1.0002
-0.23%
(24s)24h Volume
$237,328,256.35
24h H/L
$1.0068 / $0.9972
Change: $0.009600 (0.96%)
Long/Short
78.5%
Long: 78.5%Short: 21.5%
Funding Rate
+0.0007%
Longs pay
Data provided by COINOTAG DATALive data
CS
Cointelegraph Staff(01:48 PM UTC)
1 min read
XRP (XRP) dropped to $1.25 on Tuesday after a market-wide sell-off, erasing all the gains made since early February.
Key takeaways:
- XRP fell to $1.25 after a broader market sell-off, testing a long-term trend line and the 50-month exponential moving average support area.
- Support weakness has traders looking at $1 and under next, while optimists see a "bear trap" forming.
- June has historically…
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