Veteran Trader Peter Brandt Issues Stark Warning: XRP Could Plummet 50% in Current Bearish Cycle

Amid worsening market conditions, renowned commodity trader Peter Brandt has sounded alarms about XRP’s potential for a dramatic downturn. The digital asset, which has struggled to regain momentum since its 2018 highs, now faces what Brandt describes as ’classic bear market technicals’ that could see its value halved from current levels. This warning comes as the broader cryptocurrency market shows increasing signs of weakness, with many altcoins failing to sustain their 2024 recovery attempts. Brandt’s analysis points to concerning chart patterns and weakening support levels that historically precede significant corrections. Market analysts are particularly watching XRP’s ability to hold key psychological support at $0.40, with a breach potentially triggering accelerated selling pressure across crypto derivatives markets.

Cautionary Outlook for XRP Despite Recent Surge

The first scenario places XRP’s market cap around, while the second offers a more bearish outlook of just above.

Essentially, both figures imply a decline from XRP’s current valuation of roughlyper token at a market capitalization of.

Brandt’s analysis is based on a technical pattern he previously identified on XRP’s price chart.

According to him, the formation resembles a classicsetup—a pattern that often signals a trend reversal. If this plays out, XRP could fall as low as.

He added that a move belowwould confirm the pattern and likely trigger a steep correction of more than. However, a break abovecould invalidate the bearish outlook.

“XRP is forming a textbook H&S pattern. So, we are now range bound. AboveI would not want to be short. BelowI would not want to own it,” Brandt explained.

This cautious forecast follows a remarkable surge in XRP’s price since late 2024.

Following Donald Trump’s return to the White House, the token rallied over, reaching a high ofbefore pulling back to its current level.

This price performance has led many investors to believe that the Trump administration’s friendlier stance toward digital assets could help the asset continue its rally.

One major catalyst was the Securities and Exchange Commission’s (SEC) decision to drop several lawsuits against crypto companies, including Ripple.

That shift reduced regulatory uncertainty and sparked renewed interest in XRP, culminating in the launch of exchange-traded funds (ETFs) focused on the product.

Adding to the momentum, Ripple launched its own stablecoin,, aiming to tap into a growing segment of the digital asset market.

Still, Brandt’s warning suggests that XRP’s recent rally may not be sustainable if bearish pressure intensifies.

Ripple Not Rushing Into IPO Despite Industry Trend

Amid renewed attention on XRP’s performance, Ripple CEO Brad Garlinghouse has addressed growing speculation about the company going public.

In a recent video shared on X, Garlinghouse made it clear that Ripple does not plan to file for anin 2025.

He emphasized that the company is not actively seeking external funding because it remains financially stable and is prioritizing product development and business expansion.

“Will we IPO in 2025? I think that’s a definitive no…We’ve said there’s no imminent plans to go public,” Garlinghouse stated.

While the company isn’t moving forward with an IPO this year, Garlinghouse didn’t completely close the door.

He noted that Ripple is evaluating whether going public would benefit the business in the long run. However, such a move isn’t a current priority.

“You have to ask yourself, okay, how does Ripple benefit from being a public company? And is it a high priority for us?” he said.

Moreover, Garlinghouse also hinted that the regulatory landscape—especially under new leadership at the SEC—could influence Ripple’s future decisions.

His comments come as several crypto firms, including Kraken and Circle, reportedly prepare for IPOs. For now, though, Ripple appears comfortable staying private until conditions become more favorable.

Conclusion

In summary, while XRP has experienced significant recent gains, experts like Peter Brandt caution investors about potential declines. The bearish technical signals combined with Ripple’s strategic focus on stability and product development reflect a cautious but strategic approach in the evolving cryptocurrency landscape.