XRP short-selling forces are trapped... similar to the bearish betting trend on Bitcoin

Traders betting against Ripple (XRP) have fallen into a “trap.” Some interpret this as being similar to the pattern and structure where bets on Bitcoin (BTC) decline are actually under pressure.

Cryptocurrency market analyst “RWA Investor” recently claimed on X (formerly Twitter) that “XRP bears and shorts are trapped just like Bitcoin shorts,” and pointed out that the price movements of the two assets show a “certain time-lagged 1:1 mirror” pattern.

“1.50~1.60 USD consolidation zone is about to break… pointing to the 2~3 USD range”

RWA Investor believes that XRP will “soon” break through the resistance zone of 1.50~1.60 USD. He predicts that once this zone is broken, the price could continue soaring to the 2~3 USD range in the short term.

Based on the USD to KRW exchange rate (1 USD = 1,477.50 KRW), 1.50~1.60 USD is approximately 2,216~2,364 KRW, and 2~3 USD is about 2,955~4,433 KRW. However, he did not specify the exact timing for reaching these levels.

Adjusting for a “third wave” and a large-scale bullish trap… emphasizing psychological warfare

He added that after the rise to the 2~3 USD range, the market might experience a significant pullback, followed by entering a “third wave.” He stated that this process might look like another “push higher to sell,” but the subsequent upward wave is very likely to “suddenly” appear.

He then claimed that after the third wave, there could be a “large-scale bullish trap” testing investors’ psychology. He explained that about 80% of market volatility is driven by psychology, and before a large-scale “short squeeze” (a surge caused by the liquidation of short positions), it’s easy to create an illusion that the bears are in control.

Is Federal Reserve policy change a catalyst? “Rate cuts and quantitative easing are the spark”

In another post, RWA Investor pointed out that rate cuts and quantitative easing by the Federal Reserve are catalysts for XRP’s rise. He emphasized that the market has been waiting for quantitative easing, “the rest is just noise or distraction,” and that the tightening cycle has already ended.

On the other hand, crypto analyst CasiTrades believes that as Bitcoin approaches $79,900, XRP might test the 1.50~1.53 USD level again (about 2,216~2,260 KRW). He thinks that as long as the support at $1.39 holds, this wave count remains valid, and ultimately, XRP’s direction will likely depend on Bitcoin’s movement.