DEV Community

David Tevzadze
David Tevzadze

Posted on

๐Ÿšจ $XRP Crash to $1.07? Peter Brandt Issues Dire Warning! ๐Ÿ˜ฑ

๐Ÿ“‰ Brandtโ€™s Bearish Call
Veteran trader Peter Brandt has warned that XRP could slump to $1.07, citing a classic Head and Shoulders patternโ€”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.

๐Ÿ“Š โ€œXRP 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.

๐ŸŸข But Fundamentals Remain Strong
Despite the grim chart outlook, Rippleโ€™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.

๐Ÿš€ 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.

๐Ÿ“ˆ Current Status
XRP trades at $2.30, holding above key supportโ€”but traders should watch the $1.90 level closely. A break below could validate Brandtโ€™s $1.07 call.

โš ๏ธ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.

Image description

Top comments (0)