Peter Brandt warns: XRP price could fall 50% if the bearish pattern continues.

The price of XRP continues to lag behind the overall cryptocurrency market this week, even as many altcoins rebound thanks to Bitcoin (BTC) hitting the $88,800 mark.

XRP/USDT Daily Chart | Source: TradingViewOver the past seven days, XRP has decreased by 4.7%, erasing most of the 11% gain on March 19 when news about progress in the case between Ripple and the SEC caught media attention. At the same time, the trading volume of XRP has also plummeted sharply, from around 4 billion USD to 2.6 billion USD, equivalent to a decrease of 35% over the past week.

XRP is at risk of a significant decline

In a recent post on X, veteran trader Peter Brandt stated that the appearance of the textbook "head and shoulders" (H&S) pattern could push the price of XRP down to a low of $1.07.

Peter Brandt's Head and Shoulders pattern for XRP | Source: X.comAccording to Brandt, if the XRP price surpasses $3, the H&S pattern may be invalidated. However, if it drops below $1.90, the likelihood of a 55% correction is very high. Brandt emphasizes:

"Below $1.9, I wouldn't want to hold it. The H&S pattern predicts a price drop to $1.07. Don't shoot the messenger."

On the contrary, analyst Javon Marks pointed out a positive signal for XRP. He believes that the price of XRP and the Relative Strength Index (RSI) have both surpassed the descending wedge patterns.

XRP Analysis by Javon Marks | Source: X.comHistory has shown that this structure often leads to a favorable reversal for altcoins. Marks commented:

"The previous breakout helped the price increase by about 570%, and this time it could be preparing for another strong surge."

Price adjustment forecast for XRP may be too early

From a technical standpoint, it is still too early to predict a drop to $1.07 based on the current market structure of XRP. Although XRP has been in a downtrend since the beginning of 2025, the $1.90 level has only been tested three times since November 2024.

XRP/USDT Daily Chart | Source: TradingViewSince trading above $2, XRP has yet to close a daily candle below this level, indicating that investors may see this as a potential buy zone.

Moreover, the trading volume of the (spot market) is the main driving force behind the recent price increase of XRP, indicating that investor interest in this altcoin has remained strong over the past few months.

Dom, an order flow analyst (, believes that the coming weeks will be crucial for XRP to establish a clear trend. He stated that the current price range hasn't really caught his attention and emphasized:

"We need to see the price clearly break the levels I mentioned. Pay attention to the price movement in the next week or two, as it will be decisive."

![])https://img.gateio.im/social/moments-c8b2ae66c1edec8ef042488062175f08(XRP Command Analysis by Dom | Source: X.comThe important level that XRP needs to reclaim is still $2.50 – this is a significant support and resistance level over the past four months.

Disclaimer: This article is for informational purposes only and is not investment advice. Investors should conduct thorough research before making any decisions. We are not responsible for your investment decisions.

• The XRP community demands $500 billion in compensation following the SEC scandal.
• Why hasn't the price of XRP increased after winning against the SEC in the United States?

SN_Nour

@media only screen and )min-width: 0px( and )min-height: 0px( { div[id^="wrapper-sevio-d89f58f5-7b63-40be-98c0-6b1fd62584fb"] { width:320px; height: 100px; } } @media only screen and )min-width: 728px( and )min-height: 0px( { div[id^="wrapper-sevio-d89f58f5-7b63-40be-98c0-6b1fd62584fb"] { width: 728px; height: 90px; } }