The post XRP Just Recorded Its Largest Bear Trap in History appeared on BitcoinEthereumNews.com.

XRP is now showing signs of recovery following the latest pullback. As a result, some analysts suggest the recent drop was a bear trap. For context, after soaring to a local top above $3.66 two weeks back, as it rode on the broader market’s explosive rally, XRP faced intense selling pressure. Consequently, it dropped to retest the $3 psychological mark following a massive 10.34% intraday collapse on July 23. Investors Caught in a Bear Trap Now, with the market showing signs of a recovery, market watcher Armando Pantoja believes the recent pullback was a bear trap. For context, a bear trap happens when an asset’s price appears to be dropping further, tricking investors into selling, but then it quickly reverses and moves upward. – Advertisement – Notably, following the 10.34% slump on July 23, XRP saw a subsequent 1.19% drop the next day amid sustained panic selling. For instance, market expert Dom confirmed that Upbit saw about 75 million XRP in sell volume over 24 hours, contributing largely to the price crash. According to Dom, these trades were the major factor behind XRP’s collapse. However, after XRP reached a low of $2.9, the price recovered sharply, with XRP now trading for $3.27 at press time. Now that the market appears to be heading toward previous highs, Pantoja believes the July 23 crash was merely a bear trap. He suggested it was the largest bear trap in XRP’s history. Interestingly, during this collapse, several market pundits advised investors against selling off their XRP. For instance, well-known author Steve Shultz insisted that investors do not sell off their tokens during the crash, citing a previous experience in which he lost a potential profit of $2 million in Bitcoin. XRP Still in a Bullish Trend Since these comments, XRP has regained over 10%…

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Filed under: News - @ July 28, 2025 1:29 pm