XRP Price Prediction: Peter Brandt Warns of Potential Plunge Toward $1
Veteran trader Peter Brandt just painted a bearish target on the XRP chart—and it's a lot lower than current levels.
The Technical Breakdown
Brandt's analysis hinges on classic chart patterns. He's eyeing a potential breakdown from a key consolidation zone, a move that could trigger a significant sell-off. The projected destination? A revisit to the $1 handle. For a token that's seen its fair share of legal battles and exchange delistings, this forecast adds another layer of uncertainty for holders banking on a quick moon shot.
Market Mechanics at Play
This isn't about vague sentiment. The prediction is rooted in specific price action and volume trends observed on higher timeframes. When support levels fail, they often become resistance—a basic principle that sometimes gets forgotten during bull market euphoria. The warning suggests the recent uptrend might be running on fumes, with a classic 'bull trap' scenario in the making.
The Bigger Picture for Crypto
XRP's potential stumble isn't happening in a vacuum. It echoes a broader tension in crypto between foundational utility and pure speculative momentum. While some assets build through bear markets, others get whipped around by trader prophecies and leveraged positions—a timeless dance of greed and fear, just with fancier charts.
Brandt's call is a stark reminder: in markets, what goes up must sometimes come down—especially when the rally's fuel is more hope than hard use-case. After all, what's a crypto cycle without a few celebrated experts predicting doom just as the retail crowd starts feeling invincible?
XRP, the fifth-largest cryptocurrency, is under pressure after falling nearly 5% today and over 10% this week, briefly dipping to $1.80. Adding to concerns, veteran trader Peter Brandt has warned that XRP may be forming a bearish pattern, and if it fails to reclaim $2, the price could slide toward the $1 level.
XRP Chart Forming a Bearish Pattern
According to a chart shared by trader Peter Brandt, XRP’s weekly chart is showing a possible double top pattern. This usually forms when the price fails to MOVE above $2 and then starts to fall, which can signal weakness.
XRP is now trading NEAR a key support zone between $1.80 and $1.85. If this level breaks, the price could drop further toward $1.50–$1.60, where buyers may try to step in.
The chart also shows that momentum is weakening, meaning XRP may struggle to rise in the short term.
Based on this setup, Brandt warned that XRP could fall further if buyers do not return soon. He added that while chart patterns do not always play out, they should still be taken seriously when price confirms them.
XRP Price To Dip To $1
Adding to the caution, crypto analyst Ali Martinez also warned that XRP could move toward $1 if selling pressure continues. He pointed out that large holders have been cutting their positions.
Over the past four weeks, whales have sold more than 1.18 billion XRP, adding extra supply to the market and weighing on price.
Mixed Views Across the XRP Community
Despite these warnings, not everyone agrees with a bearish outlook. Crypto analyst Zach Rector said it is unlikely for XRP to fall back to $1 unless a major unexpected event hits the market. He explained that XRP now has deeper liquidity, steady buying interest, and many long-term holders ready to buy on dips.
Other traders also noted that XRP’s weekly RSI near 33 suggests the token may be oversold. If buyers step in, a short-term bounce could still happen.
Adding a more positive signal, XRP ETFs have crossed $1 billion in inflows since their launch in November, showing growing investor interest despite the current price pressure.
