In an update posted via X, veteran market analyst Peter Brandt shared a striking technical outlook for XRP/USDT, identifying a classic Head & Shoulders (H&S) formation in the daily chart that points to a possible retracement toward the $1.07 region. Brandt’s chart tracks XRP daily bars from mid‐October through late March on Binance. The XRP surged from below $0.50 in late October to above $1.00 in mid‐November. After forming a bull flag, the asset continued aggressively higher, building a local top around $2.90 in early December before starting the last leg up as high as $3.40 in mid-January. The 8‐day (C,8) and 18‐day (C,18) moving averages—shown in orange and black, respectively—now hover around the $2.44 mark, where the price is currently sitting. XRP Could Crash If This Happens Two notable horizontal levels frame the current trading zone. First is the $1.90 floor, which serves as the approximate neckline for the H&S pattern and has repeatedly acted as support. Second is the $2.90–$2.99 ceiling, a clear horizontal resistance band where XRP has struggled to sustain upward m ..
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