๐ Brandtโs Bearish Call
Veteran trader Peter Brandt has warned that XRP could slump to $1.07, citing a classic Head and Shoulders patternโa 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.
๐ โXRP is forming a textbook H&S pattern,โ 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.
๐ข But Fundamentals Remain Strong
Despite the grim chart outlook, Rippleโs 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.
๐ 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.
๐ Current Status
XRP trades at $2.30, holding above key supportโbut traders should watch the $1.90 level closely. A break below could validate Brandtโs $1.07 call.
โ ๏ธ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.

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