Peter Brandt Predicts XRP Could Drop Below $2 Amid Head-and-Shoulders Pattern
Analyst Peter Brandt predicts a bearish trend for XRP, suggesting it may drop below $2 due to a head-and-shoulders pattern. Key points include:
- XRP could decline to as low as $1.07 if it loses the $1.90 support.
- Analyst CasiTrades indicates a potential drop to $1.54 if the price breaks below the $2.25 support.
- Ali Martinez notes that a break above $3 would invalidate the bearish outlook.
- Martinez also suggests a possible decline to $1.25 under the current pattern.
- Dark Defender provides a bullish perspective, forecasting XRP could reach between $18.22 and $23.20, citing strong momentum on higher timeframes.
XRP is trading at approximately $2.25, down over 4% in the last 24 hours.
