XRP Price Breakdown Makes Bears Cheer, But Are They Missing the $1.28 Trap?

XRP price has entered a critical phase after falling more than 5% in the past 24 hours and confirming a bearish head-and-shoulders breakdown on the 8-hour chart. This move has strengthened bearish sentiment across derivatives markets, where traders are increasingly positioning for further downside. Yet beneath this pessimism, several on-chain signals suggest the breakdown may not be as straightforward as it appears. XRP Pattern Breakdown Draws Bears, But Is the Space Overcrowded? The confirmed head-and-shoulders breakdown has created a projected downside target near $1 source: https://beincrypto.com/xrp-price-breakdown-bear-trap-analysis/