XRP surged to over $3.66, surpassing McDonald’s market cap. However, a failure to sustain momentum led to a pullback below $3.40. If the price bounces off the 20-day EMA at $2.99, it could reach $3.66, $4, and $4.86. Yet, breaking below the EMA may signal a bear trap.

On the 4-hour chart, XRP dropped below $3.34, with support at $3 and $2.80. A bounce from the support zone could push the price to $3.66, while a stall at the 20-EMA may lead to a deeper fall to $2.60. Investors should conduct their own research before making decisions.

Read more at Cointelegraph: XRP Price Analysis