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Cryptocurrency News Articles
Peter Brandt Issues a Stark Warning to XRP (XRP) Investors: 50% Price Drop
Apr 01, 2025 at 06:00 pm
The world of cryptocurrency continues to surprise investors with its volatility, and XRP, the native token of Ripple, is no exception.
The world of cryptocurrency continues to surprise investors with its volatility, and XRP, the native token of Ripple, is no exception. After an initial surge earlier this year, XRP’s price has faltered, and seasoned trader Peter Brandt has issued a stark warning regarding its future potential.
Known for his accurate market predictions, Brandt has drawn attention to a potential 50% drop in XRP’s value, backed by his analysis of a bearish technical pattern forming on the token’s price chart. His prediction has brought new uncertainty to the already speculative nature of XRP’s market, signaling a critical moment for the token.
In this article, we'll delve deep into Brandt’s bearish XRP price prediction, explore the current price action of the cryptocurrency, and analyze what might be next for XRP in the coming days and weeks.
Despite recent legal victories, such as the settlement of the SEC lawsuit that had plagued Ripple for years, XRP has struggled to maintain upward momentum. The ending of the legal battle was seen as a catalyst for XRP to finally break free from its regulatory constraints, but market behavior has not yet reflected this optimism.
On March 31, 2025, XRP began trading at $2.15, showing signs of a potential recovery after a brief dip. The price initially rose to $2.21, following a golden cross formation on the MACD (Moving Average Convergence Divergence) indicator, which often signals the start of a bullish trend. However, the price soon faced strong resistance near the $2.20 mark and began to decline.
The Relative Strength Index (RSI) indicated that XRP had entered the overbought zone during this brief price increase, suggesting that a pullback was likely. The price dropped below $2.15 and found new support at $2.117.
XRP continued to fluctuate, testing resistance at $2.17 but ultimately failing to break it. This inability to push past resistance led to a further decline, with XRP dropping to a new low of $2.07, before finding support at $2.04.
Currently, XRP is facing pivotal points, either it will break through resistance levels and begin recovery, or it will continue to face downward pressure, potentially leading to further losses.
If XRP manages to close a candle above the $2.20 resistance level, it could signal the start of a new bullish phase, potentially paving the way for the token to retest its 2023 highs near $3.50 or even higher.
Brandt’s prediction is based on the “head and shoulders” (H&S) chart pattern, a classic technical indicator often used to predict trend reversals. The pattern is formed by three peaks: the central peak (head) is flanked by two smaller peaks (shoulders) on either side. When this pattern appears, it suggests that the cryptocurrency may be on the verge of a downtrend unless it can break above a specific resistance level.
In XRP’s case, Brandt points to the $3.00 price mark as a crucial level that the token must surpass to avoid the potential downside predicted by the H&S pattern.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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- California State Assemblymember Avelino Valencia Has Amended a Money Transmission Bill to Make Digital Asset Rights a Primary Focus
- Apr 03, 2025 at 12:30 am
- Bill AB 1052 was originally introduced as the “Money Transmission Act” on February 20, 2025, but was amended and renamed simply “Digital Assets”
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