Acum 8 h
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.
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XRP
XRP-0.89%
Acum 8 h
Acum 9 h
Peter Brandt Sees Potential XRP Double Top With Textbook Target Near $0.40
On Dec. 17, veteran trader Peter Brandt shared a weekly XRP chart on X highlighting what he described as a potential double-top structure with a neckline around $2.00 and a measured move pointing toward roughly $0.40 if fully triggered. At the same time, another trader emphasized XRP’s weekly RSI near 33, a zone that has coincided with prior lows, while XRP was trading around $1.83 as the market weighed whether the breakdown below support will hold or reverse.
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XRP
XRP-0.89%
Acum 9 h