A bull trap warning has surfaced for Bitcoin, Dogecoin and XRP as the S&P 500 forms a rising wedge; traders now watch looming U.S. inflation data for catalysts and risk of false breakouts.
XRP clings to $2.82 after a sharp sell-off, as technical indicators signal a potential breakout test toward $3.30; traders monitor momentum and liquidity zones amid ongoing regulatory developments.
XRP slid 4% after rejection at $2.88, intensifying market unease as mounting spot ETF speculation amplifies volatility. Traders eye momentum, liquidity and regulatory signals.
XRP’s stalled breakout from consolidation raises caution among traders. Failure to clear resistance leaves momentum fading, with downside risks building if key supports give way amid weakening volumes and fragile sentiment.
Bits Recap for Sep 5: Analysts share top Ripple (XRP) price predictions, map Bitcoin’s next support and resistance targets, and highlight key market movers, regulatory developments, and sentiment shifts across crypto.
Support from the ‘XRP Army’ is credited with helping Ripple tilt its legal battle against the SEC, bolstering public pressure as the firm drops a cross-appeal and recovers $75 million.
XRP tests key levels as traders eye near-term targets at $2.93 and $3.19. Momentum indicators and liquidity zones will dictate whether a corrective dip or breakout unfolds amid ongoing regulatory headlines.
Litecoin reignites rivalry by labeling Ripple “unwanted,” sparking swift rebuttal from a market analyst. The clash underscores diverging visions on utility, adoption, and token economics in the altcoin arena.
XRP’s bullish patterns point to a $5 target as Korean investors begin accumulating, driving optimism. Analysts say sustained volume and clearer regulations will determine whether a decisive breakout follows.
XRP’s shift to a higher trading range has analysts spotting a bullish setup, putting $5 in Q4 within reach. Momentum, liquidity flows, and regulatory cues now loom as key factors for a sustainable breakout.