Analyst Says XRP Might Be the Best Short in Case of a Bull Trap: Here’s Why

The prominent market commentator refers to the potential XRP trap, and advice that the encryption assets may be the best option for shorten if it is run.

XRP has witnessed a noticeable decrease in prices from late March to early April, which recently covered $ 2.03, another level observed on March 11. The trend refers to a fixed decrease, which enhances the downtown trend that affected XRP over the past few weeks.

Currently trading for $ 2.05, Xrp It has witnessed a decrease of 1.65 % in the past 24 hours and a decrease of 13.08 % during the past seven days. Despite this consistent landing momentum, some analysts suggest a potential reflection, warning merchants against staying on alert. any Possible market attacks.

Analyst visions: a short chance XRP

Amid the uncertainty in the market, ASTEKZ, the famous analyst, reported that the recent market conditions may lead to a potential “trap” of XRP traders.

XRP may be the best if this is a trap pic.twitter.com/sg22MDQUP

– ASTEKZ (EXTEKZ) April 2, 2025

It suggests that although the cryptocurrency has approached the resistance area, it failed to penetrate it, indicating a possible decrease. According to him, this may pave the way for a short sales opportunity if the price fails Fracture.

I can be concentrated especially You expect the descending payment to be fulfilled if XRP is subject to the bull. The massive price movement occurs when the assets record a false outbreak on the bullish direction during the declining direction, as it attracts the attention of the upscale merchants, and then suddenly disrupted, “besieging” these upward situations.

Bitcoin whale effect on XRP

Meanwhile, another analyst, Vincent Van Code, identified an interesting pattern that includes bitcoin whales (BTC) that can contribute to this bull. trap.

According to Van Code, Great BTC holders She was responsible For great price fluctuations in XRP/BTC pair. He claimed that these whales participate in huge Buy and sell Procedures, which have created a successive effect across the market.

In turn, arbitration robots It seems that The balance between the XRP/USDT pair, which leads to compressed price movements. This observation raises the issue of whether these BTC whales deliberately address the price of XRP or simply engage in swinging trading to take advantage of short -term fluctuations.

Dermits data indicate momentum

Elsewhere, modern data from Coinglass Offers More evidence that supports XRP. It is worth noting that the open interest has decreased slightly by 0.34 %, indicating a decrease in participation from the long traders.

Moreover, the volume of options decreased significantly by 51.56 %, indicating This speculation Interest in XRP fades. These declines, along with a negative financing rate, indicate that market morale is often declining.