The cryptocurrency community is debating whether XRP is on the verge of its third wave rally or facing a classic bull trap. Crypto commentator Sasha’s perspective emphasizes the existential question: Is this a sustained surge, or a fleeting market spike that will unwind? 7th July saw XRP surge to a record $3.65, fueling FOMO and profit-taking. However, price activity has since cooled with a consolidation around the $3.25 zone, though liquidity remains high. Sasha combines on-chain and macro signals, highlighting positive developments like rising institutional interest, spot-ETF flows into crypto markets, and whales accumulating 900 million coins in a single 48-hour period, which bolster XRP’s utility. She cautions that bull traps often arise from short-term volatility driven by leveraged trading, whale concentration, and headline-driven trades, these scenarios can unravel when momentum fades. Recent analyst predictions span bullish Elliott Wave forecasts to more cautious outlook statements, reflecting a wide spectrum of potential outcomes. Sasha’s response acknowledges the mixed balance: Whale accumulation is beneficial for bulls, but technical setup and Bitcoin dominance at 58.87% imply a deep correction remains in play. The key price zone to watch is $3.30-$3.40 as predicted by analysts. XRP reclaimed the $3.15 support level, signaling a shift in market structure and a potential catalyst for a rally. Crypto Eagles’ analysis supports this trend, noting that XRP’s fill of the Fair Value Gap (FVG) after a pullback signifies a shift towards a more constructive market structure, with higher lows and confirmed support reinforcing a short- to mid-term bullish bias. The next target on the upside is $3.30, with $3.40 as the subsequent key milestone. Crypto Eagles’ analysis underscores that XRP’s reclaim of $3.15 indicates a favorable market structure, but the question remains whether today’s momentum will sustain a lasting rally or become a temporary peak that lures late buyers into a correction.