Trader says XRP price setting ‘biggest bear trap’ after June monthly open

XRP trades below key macro support, but analysts say reclaiming it could trigger one of the biggest bear traps.

XRP (XRP) dropped to $1.25 on Tuesday after a market-wide sell-off, erasing all the gains made since early February. 

Key takeaways:

Data from TradingView shows that the XRP price opened June at $0.33, just below the 50-month exponential moving average (EMA).

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