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XRP Bull Trap Incoming? Analyst Sees $2.40 Fakeout Before Painful Crash

Jake Simmons
Jake Simmons
2 months ago
3 mins read
XRP price news

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Pseudonymous analyst CryptoInsightUK has warned that the next major move for XRP could be a trap. In a video published on June 8, the analyst outlined a scenario where XRP surges toward $2.30–$2.40 in the short term—only to reverse violently into a sharp liquidity flush before any sustainable breakout occurs.

XRP Bull Trap Looming?

“I think XRP goes to sub-$2.0. I really do,” he said, adding: “It could come and sweep the highs here… could come up to like what, $2.30, and then push us down. That would be more pain for everyone, ‘cause everyone’s going to think we’re going to the upside.”

The setup he describes is based on market structure and liquidity dynamics, particularly the buildup of resting orders beneath XRP’s current range. “This here is a concern, a real concern for me,” he said, referring to the growing pool of liquidity below current prices. According to his internal models, such liquidity zones are statistically touched “80% of the time.”

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“Someone’s trying to trick someone here,” he warned. “I’m cautious.” Despite his near-total XRP allocation—he states he’s “95%+, probably more like 98%” positioned in XRP—CryptoInsightUK emphasized that he’s not rooting for a correction. “I don’t want it to come down,” he said. “I’m just showing you what I see.”

XRP liquidity heatmap (Binance)
XRP liquidity heatmap (Binance) | Source: YouTube @Cryptoinsightuk

The analyst proposed multiple structural paths: one in which XRP immediately breaks out, and another where it briefly rallies to sweep local highs before flushing downward to form a bullish divergence. “We’re in a range right now,” he said. “Do we come up, sweep the highs, then take the lows and go?”

He elaborated on the bullish divergence pattern he is watching, where price forms a lower low while the RSI (Relative Strength Index) prints a higher low—a setup he uses to identify bottoming structures. “That’s what I would like to see,” he explained.

Broader Macro Conditions Still Supportive

Despite the bearish tactical setup, the video struck an upbeat macro tone. Will cited four near-term catalysts: the Genius Act on stablecoin oversight, the imminent filing deadline in the SEC’s remedies phase against Ripple, the July decision window for a spot-XRP ETF proposal, and a renewed expectation of accommodative fiscal policy sparked by last week’s televised Trump-Musk dialogue.

“What this really tells us is there’s going to be money printing,” he argued. “Assets all over are going to explode to the upside and, for the other specific reasons, XRP probably does even better.”

Turning to Bitcoin, the analyst observed an ongoing decline in trading volume, suggesting indecision or exhaustion. “There’s been no volume. There’s been nothing,” he said of recent BTC price action.

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He highlighted a CME futures gap around $92,000–$93,000 and added that fixed range volume analysis points to a possible pullback zone at $96,000–$97,000. “It’s probably coming imminently, maybe this week,” he said of a potential correction, projecting a scenario where BTC dips into this range before resuming its upward trajectory.

“Does this mean we squeeze to the upside or come down and take this low and put in that bullish divergence structure?” he asked, noting a similar divergence setup at $75,000 earlier this year.

XRP Spot Activity Raises Red Flags

In the final hour before the video, XRP had “squeezed up with some volume,” but the analyst urged caution. While open interest had risen sharply, funding remained green—suggesting net long positioning—and aggregate premium had turned red. “This indicates to me that even though there are still some shorts coming in, more longs than shorts have entered,” he said.

He warned that this imbalance could cause a sharp move lower if the market fails to hold current levels. “If we do now come down and lose this low, expect a more aggressive, faster move to the downside,” he said, pointing to the risk of liquidating leveraged positions.

XRP’s relative performance against ETH and BTC also came under review. While it had begun testing resistance zones, neither the XRP/ETH nor the XRP/BTC charts had decisively broken out. “We could still be in this range chopping about,” he cautioned. “Could lose strength until we start to see some confirmations to the upside.”

At press time, XRP traded at $2.23.

XRP price
XRP rejected at the 0.382 Fib, 1-day chart | Source: XRPUSDT on TradingView.com
Featured image created with DALL.E, chart from TradingView.com
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Jake Simmons
Jake Simmons

Jake Simmons

Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with NewsBTC.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field.

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His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone.
With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake’s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage.

Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control.

For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality.

As a journalist, Jake’s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies.

In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it’s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake’s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time.

You can engage with his latest takes on Twitter: @realJakeSimmons.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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