XRP price risk is 50% + correction if bearish trading pattern – Peter Brandt

XRP (XRP) prices continue to be underdeveloped in the broader crypto market this week, although multiple Altcoins have turned green as Bitcoin (BTC) trends rise to $88,800.

Altcoin has dropped 4.7% over the past seven days, which has brought the 11% rally to a halt on March 19, when Ripple’s SEC “finals of lawsuits” made headlines. XRP trading volume also fell from $4 billion to $2.6 billion, or 35% decline in the past week.

XRP price on a steep cliff

In a recent X post, veteran businessman Peter Brandt said the existence of the head and off-shoulder mode (H&S) in the “textbook” could drop to $1.07.

According to Brandt, prices above $3 may invalidate the H&S model. However, a decline below $1.90 opens the possibility of a 55% correction. Brandt said,

“Below $1.9, I don’t want to have it. H&S project to $1.07. Don’t shoot the messenger.”

Instead, Javon Marks highlights the positive breakthrough of XRP. Cryptocurrency traders say XRP’s price and relative strength index (RSI) surpass trading in the wedge pattern.

Historically, this setup has proven to be profitable for Altcoin, Marks said,

“The last breakout caused a price increase of +570%, and the price could be prepared for another big increase.”

Related: Waiting for Altcoin season? The data shows that it is already here

XRP correction phone may be too early

From a technical point of view, it is too early to retest based on XRP’s existing market structure. Although XRP has been on a downward trend since early 2025, the $1.90 level has only been three times since November 2024.

Since XRP is trading above the $2 level, there is no closer to below the threshold every day, suggesting that investors can view this range as a potential buyback zone.

Furthermore, spot market volume is the main driver of XRP’s recent rally, indicating continued interest in Altcoin over the past few months.

Order flow market analyst DOM pointed out that the next few weeks may be crucial for XRP to establish a clear direction. The analyst mentioned that the current scope did not attract his interest, and said,

“We need to see a clear break at the level I’m showing. Just know the next week or two and you can tell the price.”

The important level of XRP recycling remains $2.50, which has been a key support and resistance in the price action over the past four months.

Related: Bitcoin price has just abandoned a 3-month downward trend as the “critical shift” begins

This article does not contain investment advice or advice. Every investment and trading move involves risks and readers should conduct their own research when making decisions.