An XRP price drop below $2.95 could be a bull trap to collect downside liquidity, but the same scenario could be followed by a 45% rally to new highs.
XRP bull trap lurks below $2.95 — Will altcoin traders take the bait?
![XRP bull trap lurks below .95 — Will altcoin traders take the bait? XRP bull trap lurks below .95 — Will altcoin traders take the bait?](https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDEvMDE5NGIzNmQtNzBjZi03NWE5LThmOTMtNWU1ZWI4ZGM1YzJj.jpg)
An XRP price drop below $2.95 could be a bull trap to collect downside liquidity, but the same scenario could be followed by a 45% rally to new highs.