XRP is once again in the balance as the entire crypto market comes to life thanks to Bitcoin's massive surge to $88,800. While altcoins are gaining momentum, XRP, on the other hand, is giving ground: in the past seven days it has fallen 4.7%. All of these events, triggered by Ripple's 'epic victory' against the SEC on 19 March, which caused the coin to leap 11%, have now been undone. Trading volumes have also collapsed, dropping from $4 billion to $2.6 billion in a week, a sign that interest in the asset is slowly waning.
Technical analysis master Peter Brandt, in a recent post on X (Twitter), stated that XRP is about to plunge into a deep abyss. He spotted a classic head-and-shoulders pattern on the chart, which signals a potential price drop to $1.07.
Peter Brandt just fired off a technical warning shot on XRP 📉
- Bitcoin.com News (@BTCTN) March 26, 2025
He sees a textbook head-and-shoulders pattern forming-and it's not just any setup. This one targets a potential drop to $1.07 if $1.90 gives way.
But here's the twist...
XRP is also riding a wave of bullish...
X
However, bullish people still have a chance to save the day. If XRP were to suddenly break through the $3 level, the H&S model would lose strength. But should the price consolidate below $1.90, be prepared for a sharp 55% drop.
Brandt clarified his position:
"If XRP falls below $1.90, I wouldn't even touch it. The H&S model suggests a target of $1.07. Don't shoot the messenger for bad news!"
On the other hand, trader Javon Marks sees a positive scenario. He noted that the price of XRP and the relative strength index (RSI) have broken through the descending wedge, which usually indicates a trend reversal.
Marks is optimistic:
"The last time such a breakout occurred, the price went up 570%, so XRP could be gearing up for another strong rally."
Is it too soon to give XRP a pass?"
From a technical point of view, the picture is still not entirely clear. Despite the bearish trend that began in early 2025, the $1.90 area has already withstood three bearish attacks since November 2024.
The key point is that, since XRP consolidated above $2, there has not been a single daily close below this threshold. This could indicate that big investors are buying the currency in this price range.
In addition, XRP's recent rises have been driven mainly by the spot market, a sign of real investor interest and not just futures manipulation.
Order flow analyst Dom believes that the next few weeks will be decisive for the currency:
"We have to wait for a clear breakout of the levels I indicated. Watch the price over the next two weeks: it will tell us everything."
The most important level for XRP right now is $2.50, which has acted as both strong support and resistance over the past four months.
At the moment, XRP remains in a phase of uncertainty. If the price stays above $1.90 and rises above $2.50, there is still a chance of a new pump. But if XRP falls below $1.90, a collapse down to $1.07, as predicted by Brandt, is likely.
Traders, therefore, have only one thing to do: keep an eye on the $1.90 level and remain vigilant.
