XRP price at risk of 50%+ correction if bearish trading pattern holds — Peter Brandt
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Veteran trader Peter Brandt warns of a potential 55% correction in XRP price if a bearish head-and-shoulders pattern completes, suggesting a potential drop to $1.07. However, other analysts like Javon Marks see potential for a bullish breakout. XRP has been underperforming, with trading volumes dropping 35% and price down 4.7% over the past week.
March 26, 2025 | 6:45 pm
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Technical analysis suggests XRP could experience significant price volatility, with a potential 55% correction if bearish pattern completes, but also potential for bullish breakout.
Bearish head-and-shoulders pattern suggests potential sharp correction. Key support levels at $1.90 and $2.50 will determine short-term price movement. Trading volumes have decreased, indicating potential weakness.
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