XRP's Critical Support Zone Under Scrutiny: Technical Analysis Points to Potential Bear Trap Setup

According to ChartNerd’s latest technical assessment, XRP is approaching a pivotal price region that could determine its near-term trajectory. The $1.90–$1.93 band has emerged as a crucial inflection point, with specific technical markers suggesting caution for bearish traders.

The 20-month exponential moving average (EMA) stationed around $1.93 serves as both a psychological barrier and a major trend-defining level. Below this threshold lies the $1.90 support zone, where significant liquidity is concentrated. ChartNerd notes that this combination creates conditions ripe for what traders recognize as a bear trap scenario—a setup where aggressive shorting pressure could be suddenly reversed by strong buying support.

Market Signal Interpretation

The technical setup carries dual implications. Should XRP maintain price action above the 20-month EMA, a monthly close in this zone would effectively confirm a market bottom, suggesting accumulation strength beneath the surface. Conversely, a break decisively below $1.90 could unleash further selling pressure and push XRP into deeper downside territory.

With XRP currently trading at $2.12, the asset sits meaningfully above these critical thresholds. The distance between current price levels and the identified support zone creates a “trap” environment where sudden reversals are possible if bears attempt to drive the coin toward the $1.90–$1.93 region.

Traders monitoring this technical picture should pay close attention to whether XRP can hold above the 20-month EMA on a monthly timeframe, as this level will be key to determining whether the bear trap theory plays out or whether deeper capitulation occurs.