Veteran Market Analyst Peter Brandt Has Issued a Gloomy Year-End Forecast for XRP

Veteran market analyst Peter Brandt has issued a gloomy year-end forecast for XRP, suggesting the asset may struggle to maintain its momentum despite recent gains.

Veteran market analyst Peter Brandt has issued a gloomy year-end price prediction for XRP, suggesting the asset may struggle to maintain its momentum despite recent gains.

Taking to X on Monday, April 18, Brandt shared his updated analysis, projecting two possible scenarios for XRP’s market capitalization by year’s end.

The first scenario places XRP’s market cap around $116.67 billion, while the second offers a more bearish outlook of just above $60 billion.

Both figures imply a decline from XRP’s current valuation of roughly $2.09 per token at a market capitalization of $121 billion.

Brandt’s analysis is based on a technical pattern he previously identified on XRP’s price chart.

According to him, the formation resembles a classic head-and-shoulders setup—a pattern that often signals a trend reversal. If this plays out, XRP could fall as low as $1.07.

“I would be surprised if it does not get to 1.07 and maybe lower on a final lower head and shoulders and a complete and total failure to hold 1.90,” Brandt added.

According to Brandt, a move below $1.90 would confirm the pattern and likely trigger a steep correction of more than 50%. However, a break above $3 could invalidate the bearish outlook.

“XRP is forming a textbook H&S pattern. So, we are now range bound. Above 3.000 I would not want to be short. Below 1.9 I would not want to own it,” Brandt explained.

This cautious forecast follows a remarkable surge in XRP’s price since late 2024.

Following Donald Trump’s return to the White House, the token rallied over 300%, reaching a high of $3.28 before pulling back to its current level.

This price performance has led many investors to believe that the Trump administration’s friendlier stance toward digital assets could help the asset continue its rally.

One major catalyst was the Securities and Exchange Commission’s (SEC) decision to drop several lawsuits against crypto companies, including Ripple.

That shift reduced regulatory uncertainty and sparked renewed interest in XRP, culminating in the launch of exchange-traded funds (ETFs) focused on the product.

Adding to the momentum, Ripple launched its own stablecoin, RLUSD, aiming to tap into a growing segment of the digital asset market.

Still, Brandt’s warning suggests that XRP’s recent rally may not be sustainable if bearish pressure intensifies.