{"id":19238,"date":"2025-03-26T18:32:07","date_gmt":"2025-03-26T18:32:07","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=19238"},"modified":"2025-03-26T18:32:07","modified_gmt":"2025-03-26T18:32:07","slug":"xrp-price-at-risk-of-50-correction-if-bearish-trading-pattern-holds-peter-brandt","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=19238","title":{"rendered":"XRP price at risk of 50%+ correction if bearish trading pattern holds \u2014 Peter Brandt"},"content":{"rendered":"
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<\/p>\n<\/p>\n

\"XRP<\/p>\n

XRP (XRP) <\/a>price continues to underperform the broader crypto market this week, even though multiple altcoins turned green as Bitcoin (BTC<\/a>) rallied to $88,800.<\/p>\n

\"XRP
\n

XRP 1-day chart. Source: Cointelegraph\/TradingView<\/em><\/p>\n<\/figcaption><\/figure>\n<\/p>\n

The altcoin is down 4.7% over the past seven days, putting a pause to the 11% rally seen on March 19, when the Ripple\u2019s SEC \u201clawsuit ending\u201d news made headlines. XRP trading volumes have also dropped from around $4 billion to $2.6 billion, i.e., a 35% dip over the past week. <\/p>\n

XRP price peers over a steep cliff<\/h2>\n

In a recent X post, veteran trader Peter Brandt said<\/a> the presence of a \u201ctextbook\u201d head-and-shoulders pattern (H&S) could drop XRP price as low as $1.07.<\/p>\n

\"Ripple,
\n

XRP head-and-shoulders pattern by Peter Brandt. Source: X.com<\/em><\/p>\n<\/figcaption><\/figure>\n

According to Brandt, a price rally above $3 could invalidate the H&S pattern. However, a drop below $1.90 opens up the possibility of a 55% correction. Brandt said, <\/p>\n

\u201cBelow $1.9, I would not want to own it. H&S projects to $1.07. Don’t shoot the messenger.\u201d<\/p><\/blockquote>\n

On the contrary, Javon Marks highlighted<\/a> a positive breakout for XRP. The cryptocurrency trader indicated that XRP\u2019s price and the relative strength index (RSI) have both traded above their falling wedge patterns. <\/p>\n

\"Ripple,
\n

XRP analysis by Javon Marks. Source: X.com<\/em><\/p>\n<\/figcaption><\/figure>\n

Historically, such a setup has proven to be a profitable turnaround for the altcoin, and Marks said, <\/p>\n

\u201cThe last breakout resulted in a roughly +570% price increase and prices can be ready for another substantial surge.\u201d<\/p><\/blockquote>\n

Related: Waiting for altcoin season? Data suggests it\u2019s already here<\/strong><\/em><\/a><\/p>\n

XRP correction call could be premature<\/h2>\n

From a technical perspective, it\u2019s a bit early to predict a retest of the $1.07 level based on XRP\u2019s existing market structure. Although XRP has been in a downtrend since the start of 2025, the $1.90 level has only been tested three times since November 2024.<\/p>\n

\"Ripple,
\n

XRP 1-day chart. Source: Cointelegraph\/TradingView<\/em><\/p>\n<\/figcaption><\/figure>\n

Since XRP traded above the $2 level, it has not experienced a daily close below the threshold, suggesting that investors may view this range as a potential buy-back zone. <\/p>\n

Furthermore, spot market volumes have been<\/a> the primary driver behind XRP\u2019s recent rally, indicating sustained investor interest in the altcoin over the past few months.<\/p>\n

Dom, an order flow markets analyst, noted that the next couple of weeks could be vital for XRP to establish a clear direction. The analyst mentioned that the current range does not capture his interest and said<\/a>, <\/p>\n

\u201cWe need to see clear breaks of the levels I have shown. Just be aware of the next week or two, as the price action will be telling.\u201d<\/p><\/blockquote>\n

\"Ripple,
\n

XRP order-flow analysis by Dom. Source: X.com<\/em><\/p>\n<\/figcaption><\/figure>\n

The important level for XRP to reclaim remains $2.50, which has been a critical support and resistance throughout the last four months of price action. <\/p>\n

Related: Bitcoin price just ditched a 3-month downtrend as ‘key shift’ begins<\/strong><\/em><\/a><\/p>\n

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

XRP (XRP) price continues to underperform the broader crypto market this week, even though multiple altcoins turned green as Bitcoin (BTC) rallied to $88,800. XRP 1-day chart. Source: Cointelegraph\/TradingView The altcoin is down 4.7% over the past seven days, putting a pause to the 11% rally seen on March 19, when the Ripple\u2019s SEC \u201clawsuit […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-19238","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/19238","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19238"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/19238\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19238"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}