👉👉 News That Will Upset XRP Bulls From a 50-Year Analyst! "The Situation is Very Critical, the Price Could Crash!" Here’s Why… 👈👈

Experienced analyst Peter Brandt, who has been active in the market for many years and is known for his successful analyses, shared his latest evaluations regarding Ripple (XRP). He mentioned that a bull market for XRP could begin, while indicating that a classic head and shoulders formation has emerged in the weekly charts. However, the analyst pointed out that this formation typically signals a downturn and warned investors, predicting that the XRP price could decline below $1.80.

Attention Drawn to XRP Price

Peter Brandt stated that XRP is currently at a critical level. He acknowledged that the drop to $1.60 on April 7 was not part of the head and shoulders formation, but rather an unusual movement caused by volatility. According to Brandt, the head and shoulders formation started to take shape towards the end of 2024: the left shoulder formed in December 2024 when XRP reached $2.90; the head appeared during January 2025 when it rose to $3.40; and the right shoulder occurred during the rise to $2.65 in May 2025.

The analyst expressed that the most critical level in this structure is the horizontal neck line located around $1.875, and XRP is currently trading just above this line. Brandt emphasized that despite the formation of the head and shoulders, this does not necessarily mean that the price will definitely decline. Noting that XRP is close to the $1.87 level, which is referred to as the neck line, Brandt pointed out the critical importance of this area. The analyst stated that if XRP closes below $1.80 on the weekly chart, he would reconsider his analysis, arguing that such a close could strengthen the downtrend. According to Brandt, a close below $1.80 could lead to the confirmation of the head and shoulders formation and pave the way for a sharp decline in prices.