Veteran trader Peter Brandt has shared a weekly chart and asked traders how deep they think XRP could fall into support. The post matters because Brandt\u2019s chart frames XRP not as a clean momentum breakout, but as a market still trying to prove that its late-2024 range expansion can hold as support.<\/p>\n
Brandt, posting from @PeterLBrandt account on X, addressed<\/a> the XRP crowd directly. \u201cAttention all Ripplettes,\u201d he wrote. \u201cHow deep into support do you Ripplettes think price could go? XRP. See chart.\u201d<\/p>\n The chart attached to the post showed XRP\/USDT on Binance on a weekly timeframe. Brandt marked out a broad structure that begins with XRP\u2019s long base through 2023 and much of 2024, then the sharp vertical breakout in late 2024, followed by a wide consolidation and eventual pullback. The key level near $1.55 appears to be central to the setup. In technical terms, it\u2019s a former range-reclaim.<\/p>\n That $1.55 region also explains why Brandt\u2019s chart is uncomfortable for bulls.<\/a> XRP has already slipped below. Once a market loses a prior range, technicians often look for the next areas where buyers previously absorbed supply. Brandt\u2019s lower horizontal lines seem to map those zones: one near the recent consolidation lows, another around the deeper post-breakout support, and then the broader ascending base that defined XRP\u2019s pre-breakout structure.<\/a><\/p>\n The poll attached to the post made that support map explicit. Brandt offered four choices: \u201cBottom is in,\u201d \u201cSupport at .93xx,\u201d \u201cSupport at .72xx,\u201d and \u201cSlightly above zero.\u201d<\/p>\n The $0.93 area appears to come from a descending trendline which originates at the 2021 high. The $0.72 area is deeper. On the weekly chart, it aligns with the ascending trendline of XRP\u2019s old 2023\u20132024 base and the rising long-term support line that preceded the late-2024 move. In other words, it is not just a random number. It represents a possible full retest of the prior breakout structure.<\/p>\n The broader pattern Brandt appears to be highlighting is a failed or stressed range breakout after a large advance. XRP broke out of a long accumulation-style range, rallied aggressively above $3, then formed a wide top-like consolidation with multiple failed attempts to extend higher.<\/p>\n For XRP bulls, the first answer depends on the $1.55 area. If price can reclaim and hold that level on the weekly timeframe, the chart would look more like a deep retest of a breakout zone than a full structural failure.<\/p>\n A reclaim would suggest that buyers are still defending the former range boundary and that the market has not fully surrendered the post-breakout advance. Without that reclaim, however, the lower support levels in Brandt\u2019s poll become more relevant because price would remain below the shelf that previously supported the consolidation.<\/p>\nWhat This Means For XRP<\/h2>\n