XRP Faces Critical Decision at Key Support as Analysts Flag Potential Bear Trap Setup

Price context: XRP is currently trading at $2.12, but the real story lies in what happens near the $1.90–$1.93 support zone.

Technical analyst ChartNerd has drawn attention to a potentially significant chart pattern emerging in XRP’s price action. The $1.90 level serves as a critical liquidity pool—the kind of floor that often catches traders off guard if breached decisively. More importantly, the 20-month exponential moving average sits around the $1.93 mark, functioning as a major trendline filter for medium-term momentum.

What makes this a bear trap scenario? A bear trap typically forms when sellers think they’re breaking through support, only to have the price snap back upward, liquidating their short positions. According to ChartNerd’s analysis, this zone could be exactly where such a reversal setup is taking shape.

The technical implications are straightforward: if XRP manages to close a month above the 20-month EMA (~$1.93), it would confirm a potential bottom formation and signal renewed upside momentum. Conversely, if the price crashes decisively below $1.90, the liquidity pool gets drained, potentially unleashing a deeper selloff into lower support levels.

For traders watching XRP, these dual scenarios underline why the $1.90–$1.93 band matters—it’s where short-term weakness could either reverse or accelerate into the downside.