In an update posted via X, veteran market analyst Peter Brandt shared a striking technical outlook for XRP\/USDT, identifying a classic Head & Shoulders (H&S) formation in the daily chart that points to a possible retracement toward the $1.07 region.<\/p>\n
Brandt\u2019s chart<\/a> tracks XRP daily bars from mid\u2010October through late March on Binance. The XRP surged from below $0.50 in late October to above $1.00 in mid\u2010November. After forming a bull flag<\/a>, the asset continued aggressively higher, building a local top around $2.90 in early December before starting the last leg up as high as $3.40 in mid-January.<\/p>\n The 8\u2010day (C,8) and 18\u2010day (C,18) moving averages\u2014shown in orange and black, respectively\u2014now hover around the $2.44 mark, where the price is currently sitting.<\/p>\n Two notable horizontal levels frame the current trading zone. First is the $1.90 floor, which serves as the approximate neckline for the H&S pattern and has repeatedly acted as support. Second is the $2.90\u2013$2.99 ceiling, a clear horizontal resistance band where XRP has struggled to sustain upward momentum.<\/p>\n Brandt states that a decisive break below $1.90 \u201cwould not be ideal for longs,\u201d while any upside breach above $3.00 could force short sellers to reconsider their positions. On the chart, the left shoulder formed near the $2.90 handle, followed by a higher peak at $3.40, creating the \u201chead.\u201d<\/p>\n Subsequently, the right shoulder emerged closer to the $3.00 zone. The neckline sits around $1.90. If XRP breaks below that neckline with sufficient volume, Brandt\u2019s measured\u2010move target suggests a decline to approximately $1.07. He labels this price objective with a red arrow, signaling the potential downside risk<\/a> inherent in classical H&S patterns.<\/p>\n Brandt\u2019s 8\u2010day and 18\u2010day moving averages converge around $2.44, indicating muted momentum at current levels. The 30\u2010day Average True Range (ATR) measures near $0.205, implying that daily price swings have compressed compared to the explosive action seen during XRP\u2019s ascent from late 2024 through early 2025. Still, a break beyond $3.00 or below $1.90 could spark a renewed surge<\/a> in volatility.<\/p>\n Brandt emphasizes his lack of a personal stake in XRP, explaining that he is merely relaying what he views as a \u201ctextbook\u201d bearish pattern: \u201cI have no vested interest up or down. XRP is forming a textbook H&S pattern. So, we are now range bound. Above $3.000 I would not want to be short. Be\u201dlow $1.9 I would not want to own it. H&S projects to $1.07. Don\u2019t shoot the messenger.<\/p>\n At press time, XRP traded at $2.35.<\/p>","protected":false},"excerpt":{"rendered":" In an update posted via X, veteran market analyst Peter Brandt shared a striking technical outlook for XRP\/USDT, identifying a classic Head & Shoulders (H&S) formation in the daily chart that points to a possible retracement toward the $1.07 region. Brandt\u2019s chart tracks XRP daily bars from mid\u2010October through late March on Binance. The XRP […]<\/p>\n","protected":false},"author":0,"featured_media":54846,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-54845","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/54845"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=54845"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/54845\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/54846"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=54845"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=54845"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=54845"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}XRP Could Crash If This Happens<\/h2>\n