📉 Brandt’s Bearish Call
Veteran trader Peter Brandt has warned that XRP could slump to $1.07, citing a classic Head and Shoulders pattern—a well-known signal of trend reversal. Brandt says XRP is losing steam after a 5% gain last month and could crash if it dips below $1.90.
📊 “XRP is forming a textbook H&S pattern,” Brandt posted on X. He adds that a move above $3 could trigger a correction, while failing to hold $1.90 may send XRP spiraling.
🟢 But Fundamentals Remain Strong
Despite the grim chart outlook, Ripple’s fundamentals are glowing. Odds of an XRP ETF approval have jumped to 83%, even as the SEC delays decisions. Meanwhile, Volatility Shares launched the first-ever XRP Futures ETF, stirring major investor interest.
🚀 XRP Ledger Upgrade Incoming
Ripple is prepping a game-changing upgrade to the XRP Ledger, aiming to rival Ethereum and Solana. This, along with surging social sentiment and new partnerships, keeps long-term bullish hopes alive.
📈 Current Status
XRP trades at $2.30, holding above key support—but traders should watch the $1.90 level closely. A break below could validate Brandt’s $1.07 call.
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
Top comments (0)