XRP rate at risk of 50% + correction if holding a bear trading pattern – Peter Brandt

XRP (XRP) The price continues to successfully successfully expand the crypto market, although more Allcoin became green as bitcoin (Btc) Gathered at $ 88,800.

In the past seven days, Altcoin in the last seven days, put a break at 11% gathering 19. Marta, when Seck’s Sec “lawsuits ended” news. XRP Trading Volema also fell with about $ 4 billion to $ 2.6 billion, ie. 35% in the past week.

KSRP peer prices over steep cliff

In a recent k post, Veteran Merchant Peter Brandt said The presence of “textbook” of head and shoulders (H & S) can fall the price of XRP only 1.07 dollars.

According to Brandt, the price set above $ 3 could undo H & S sample. However, the decline below $ 1.90 opens the possibility of a correction of 55%. Brandt said,

“Under $ 1.9, I wouldn’t want to own it. H & S projects to $ 1.07. Don’t shoot the messenger.”

On the contrary, Javon Marks prominent Positive break for XRP. The cryptocurrency dealer showed that the price of the KSRP and the relative strength index (RSI) trades above its falling patterns.

Historically, such adjustment has shown that the profitable reversal for Altcoin, and the marks said,

“The last break resulted in approximately + 570% price growth and prices can be ready for another significant increase.”

Related: Waiting for Altcoin Season? Data suggests that already here

XRP Correction Call could be premature

From a technical perspective, it is a little early to predict level of level 1.07 based on the existing KSRP market structure. Although XRP is declining from the beginning of 2025. year, level $ 1.90 was tested three times only from November 2024. Years.

Since the KSRP traded above $ 2 level, did not experience the daily closure below the threshold, suggesting that investors can review this scope as a potential purchase zone.

In addition, get on the spot ready were The primary driver behind the recent KSRP MITING indicating the sustainable interest of investors for Altcoin over the last few months.

The home, the Oraptant Market Analyst, noted that the next few weeks will be vital for the KSRP to establish a clear direction. Analysted noted that the current range did not catch their interest and said,

“We need to see clear levels of levels I showed. Just be aware of next week or two, because the price price will be said.”

An important level for Returns remains $ 2.50, which was critical support and resistance during the last four months of price action.

Related: The price of Bitcoin is only excessive quarterly trends as “Shift” key “

This article does not contain investment advice or recommendations. Any investment and trade of trading involves risk, and readers should conduct their own research when making a decision.