XRP price at risk of 50%+ correction if held by bearish trading pattern – Peter Brandt

XRP (XRP) Price continues to underperform the broader crypto market this week, though many Altcoins have become green as Bitcoin (Btc) rallied to $ 88,800.

Altcoin dropped 4.7% over the past seven days, putting a pause at the 11% rally visible on March 19, when the SEC of the “Ripple’s lawsuit ended” news made titles. XRP trading volumes also dropped from about $ 4 billion to $ 2.6 billion, that is, a 35% sinking last week.

XRP price peers on a steep cliff

In a recent x post, veteran businessman Peter Brandt Says Having a “textbook” pattern of head-and-shoulders (H&S) can drop XRP prices of less than $ 1.07.

According to Brandt, a price rally above $ 3 could release -in the H&S pattern. However, a drop below $ 1.90 will open the likelihood of a 55% correction. Brandt said,

“Below $ 1.9, I don’t want to hold it out. H&S projects at $ 1.07. Don’t shoot the Messenger.”

Conversely, the Javon marks Highlighting A positive breakout for XRP. The cryptocurrency businessman indicated that the price of the XRP and the relative -child index (RSI) were both exchanged above their falling wedge patterns.

Historically, such a setup has proven to be a profitable turnaround for Altcoin, and Marks said,

“The last breakout resulted in a nearly +570% price increase and prices could be prepared for another major progress.”

Related: Waiting for the Altcoin period? Data suggests that it’s already here

XRP correction call may be premature

From a technical point of view, it is quite early to predict a retest of $ 1.07 level based on the existing XRP market structure. Although the XRP has been in a downtrend since the beginning of 2025, the $ 1.90 level has been tested only three times since November 2024.

Since the XRP has exchanged above the level of $ 2, it has not experienced daily near the threshold, suggesting that investors can view this range as a potential buy-back zone.

Moreover, the volumes of the spot market It has been The main driver behind the recent XRP rally, indicating the altcoin investor’s long -term interest over the last few months.

Dom, a flow of flow order analyst, noted that the next few weeks could be important for the XRP to establish a clear direction. Analyst noted that the current coverage has missed his interest and Says,

“We need to see the clear rest of the levels I have shown. Just remember next week or two, because the price action will be said.”

The important level for XRP to recover remains $ 2.50, which has been a critical support and resistance throughout the last four months of price action.

Related: The Bitcoin Price has only removed a 3-month Downtrend as ‘key shift’ begins

This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.