Analysts warn XRP's bearish chart pattern could drag price under $1 from below $2

XRP has fallen almost 50% from its multi-year peak at $3.66 to trade below $2, with several analysts flagging a bearish chart structure that could send the price toward $1. Veteran trader Peter Brandt pointed to a potential double top on the weekly chart, while other technical and onchain metrics highlighted key support zones around $1.78, $1.65 and near $1.07. Some Elliott Wave and fractal-based analyses also outlined scenarios in which XRP might revisit the $1.20–$1.35 and $0.60 areas before attempting a longer-term recovery toward $1.