Market Patterns and XRP

There are moments in the market when patterns emerge so clearly that even the most skeptical traders take notice. For Peter Brandt, a respected figure in technical analysis, this appears to be one of those moments, particularly regarding XRP.

Without leaning into personal predictions or emotional stakes—despite being known as an XRP skeptic—Brandt has shared an updated chart, indicating a textbook head and shoulders formation that could define the cryptocurrency’s next move.

XRP, the third-largest cryptocurrency by market capitalization, is currently in a tightly confined range. Brandt observes that anything above $3 is a risky area to short, while dipping below $1.90 could indicate trouble for holders.

There is also a pattern projection of a potential target of $1.07, should the head and shoulders formation play out as anticipated.

> Updating a chart for those interested
> I have no vested interest up or down. $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.
> H&S projects to 1.07.
> Don’t shoot the messenger.
> — Peter Brandt (@PeterLBrandt) March 26, 2025

Brandt’s attached chart makes everything clear; there are no hidden messages. It presents a straightforward technical view based on the data.

For those curious, XRP’s all-time high remains at $3.40, a mark that feels like ancient history now.

This is not an attempt to persuade anyone or a call to action; it merely reflects on the market, acknowledges how patterns usually behave, and recognizes those who understand what these formations typically mean.

Markets move, traders react, and patterns tell their own stories. Regardless of whether XRP follows the textbook path or defies expectations, Brandt simply points to the chart and lets the numbers do the talking.