XRP Price Prediction As Bear Trap Sets Recovery to $0.55

During September’s second-week sell-off in the crypto market, the XRP price breached the $0.486 local support. This slide, which was further exacerbated by a surge in trading volume, signaled the potential continuation of the bearish trend. However, in a twist of events, the price trend made a swift reversal, riding on the coattails of the overall bullish sentiment in the market. This bullish response has seen the prices move above their previously broken level, suggesting a failed breakdown. Here’s how this setup could impact the near future trend of the fifth-largest cryptocurrency.