Veteran Trader Warns Of ‘Textbook' XRP Crash Pattern
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Renowned market analyst Peter Brandt has identified a classic Head & Shoulders technical pattern in XRP's daily chart, suggesting a potential significant price retracement toward the $1.07 level. The analysis is based on XRP/USDT daily bars from mid-October to late March on Binance.
March 27, 2025 | 11:15 am
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Head & Shoulders pattern indicates potential downside risk for XRP, with price potentially retracing to $1.07 support level.
The Head & Shoulders pattern is a widely recognized bearish reversal signal. Brandt's analysis suggests XRP might experience a significant price drop if the pattern confirms, potentially triggering sell-offs.
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