XRP’s Ominous Head-and-Shoulders Pattern Sparks 54% Collapse Warning—Traders Brace for Impact
Veteran trader Peter Brandt drops a bombshell on XRP bulls—the token’s chart is painting a classic head-and-shoulders formation, historically one of crypto’s most brutal reversal signals.
Why it matters: When Brandt speaks, markets listen. The man called Bitcoin’s 2018 crash within 3% of its actual bottom. Now he’s flashing red alerts for a potential 54% nosedive in XRP.
The fine print: Technical patterns aren’t crystal balls—just ask the ’inverse Cramer’ crowd who’ve been burned betting against meme stocks. But in a market where most ’analysts’ just parrot exchange PR, Brandt’s track record demands attention.
Bottom line: Whether this plays out as prophecy or just another false alarm, one thing’s certain—crypto’s ’buy the dip’ crowd might soon get another chance to test their conviction. Just maybe keep some dry powder for when the blood really starts running in the streets.
Source: Coingecko
The Ripple Foundation has also extended its businesses across various sectors and forged partnerships with governments to maintain financial-based blockchain ledgers. The use cases in the real world are high as it solves many problems plaguing the financial landscape. XRP is poised to benefit in the development and the long-term prospects look good.
Ripple: Peter Brandt Warns XRP Could Dip 54%, Reach $1.07 Next
Veteran trader and analyst Peter Brandt warned that the short-term trajectory for XRP is bearish. He showed a chart indicating that the altcoin is forming a head and shoulders pattern, which technically signals a price reversal. Brandt warned that the head and shoulders pattern could make XRP crash to $1.07 next.
That’s a downward tick of nearly 54% from its current price of $2.35. Therefore, an investment of $1,000 could turn into $460 if Brandt’s warning turns out to be accurate. This puts Ripple’s native token in a risky position as its price might have hit a peak after surging 330%.
he wrote on X.
Updating a chart for those interested
I have no vested interest up or down$XRP is forming a textbook H&S pattern.
So, we are now range bound
Above 3.000 I WOULD not want to be short
Below 1.9 I would not want to own it
H&S projects to 1.07
Don’t shoot the messenger pic.twitter.com/wdpW9RpU5k
Apart from Ripple’s XRP, leading meme currency shiba inu is also projected to dip in the indices. Find out how low Shiba Inu could fall in the charts next and the best possible entry position to take when it bottoms out in price.
