Citing 36 Crypto, crypto analyst ChartNerd has warned that XRP may be forming a historic bear trap near the $1.90–$1.93 zone. He highlighted the $1.90 level as key liquidity support and the 20-month EMA (~$1.93) as a major trend filter. A monthly close above the 20-month EMA would signal a bottom, while a decisive break below it could lead to deeper downside.
ChartNerd Warns XRP May Be Forming Historic Bear Trap Near $1.90–$1.93 Zone
36CryptoShare
Summary
Citing 36 Crypto, ChartNerd has flagged a potential historic bear trap forming for XRP near the $1.90–$1.93 zone. He identifies the $1.90 support level as critical liquidity, with the 20-month EMA (~$1.93) acting as a major trend filter. A monthly close above the EMA would signal a bottom. A sharp break below could trigger further losses in the crypto market.
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