NewsBTC
Dec 20, 2025
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Peter Brandt Identifies Potential Bearish Double Top on XRP Chart

Veteran chartist Peter Brandt has highlighted a bearish market structure for XRP on the weekly timeframe. His analysis suggests a potential double top pattern, indicating downside risks.

Key Points from Analysis

  • Brandt points to a possible double top on XRP's weekly chart, which could signal an end to the uptrend and the start of a downtrend.
  • The recent price action shows XRP falling below crucial support levels between $1.80 and $2.00, with resistance around $3.5.
  • This support has been tested twice this year and is now under threat for the third time.
  • Weekly moving averages are flattening, suggesting weakened upside strength.

Conditions for Change

  • The bearish outlook could change if XRP reclaims support above $2 and sustains moves to higher levels like $2.2, $2.5, $2.7, and $3.
  • Until then, caution is advised as Brandt’s technical setup remains bearish.

XRP Chart

Brandt emphasizes that his analysis is based on technical principles, not bias against XRP. The situation requires careful monitoring, as the pattern could still fail.