XRP (CRYPTO: XRP) is approaching a critical weekly support zone as one analyst warns that the cryptocurrency could "trick everyone" before its next major move.

"Bears Are In Control"

In a podcast on June 7, Mango Research, who earlier turned bearish on XRP, said the token was one of the first assets to signal weakness before the broader market selloff hit cryptocurrencies and equities alike.

The analyst admitted ignoring a bearish signal from her trading dashboard because she expected Bitcoin (CRYPTO: BTC) to continue higher, a decision she now calls a lesson in avoiding market bias.

Instead of XRP following Bitcoin higher, she said Bitcoin ultimately followed XRP's bearish setup lower.

Over the past month, XRP witnessed an approximate drop of 17%. “The bears are in control,” the trader noted, pointing to trend signals that remain negative across multiple timeframes.

Despite the ongoing downtrend, she highlighted one notable change is that volatility readings have surged to levels that historically suggest seller exhaustion may be developing.

Why It Matters

Mango Research remains focused on a major weekly support zone that XRP is currently testing.

While trend indicators remain bearish, momentum oscillators are reaching levels that have historically coincided with local bottoms and relief rallies.

Weekly RSI is approaching deeply oversold territory, lower than 2018-2020 and 2022-2024 bear market bottoms.

The stochastic indicators are sitting inside bearish control zones that have previously marked reversal areas. However, a weekly candle confirmation remains the key signal traders are watching.

The trader stressed that support remains intact until a weekly candle closes below the zone.

If XRP holds current support, she believes the token could continue building a rounded consolidation structure before attempting a larger breakout later in the cycle.

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