XRP Breakout Loading… or Just Another Trap?XRP has been locked in a sideways range since early April, bouncing between $1.90 and $2.45 for nearly 3 months.
Now, it’s pressing into the top of that range once again — and traders are watching closely for either a confirmed breakout or another fakeout rejection.
📊 Technical Breakdown:
🔹 Sideways Since April: The structure has been consolidative and indecisive.
🔹 BOS 1 + BOS 2: Each break of structure led to temporary rallies — but failed to hold above resistance.
🔹 Trap Zone Identified: ~$2.45–$2.50 has repeatedly acted as a liquidity magnet.
🔹 Fakeout Risk Still Present: Without strong follow-through, this could reverse into the range again.
📈 Breakout Scenario:
• Clean candle close above ~$2.50
• Targets: $2.90 and $3.20
• Look for volume confirmation
📉 Rejection Scenario:
• Wick into resistance + bearish engulfing
• Back to midrange or support zone ~$2.10
