Veteran trader Peter Brandt warns of a potential collapse in the XRP price if the token fails to reclaim a critical support level. This prediction comes after initial bullish predictions for the XRP price, especially with its legal battle finally coming to a conclusion.
XRP Price Hanging In The Balance? Peter Brandt Warns Of Possible Drop Ahead
Veteran trader Peter Brandt has issued a cautionary outlook on the XRP price, suggesting that the crypto could face a significant decline if it fails to surpass a crucial price level.
Sharing his latest technical analysis, Brandt pointed out that the XRP price is forming a classic Head and Shoulders (H&S) pattern. According to his assessment, the XRP price remains in a range-bound phase, with key price levels determining its next move.
He further noted that the H&S pattern projects a downside XRP price target of $1.07 if the bearish structure plays out. While acknowledging the divisive opinions surrounding the XRP price, he emphasized that his analysis is strictly based on technical indicators rather than personal bias.
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WallitIQ (WLTQ) tokens are being bought quickly, indicating high investor interest. Those who have not yet acquired this AI altcoin should take action swiftly before the opportunity is gone.
Join the WallitIQ (WLTQ) presale and community:
Website: https://wallitiq.io/
Whitepaper: https://wallitiq.gitbook.io/wallitiq
Telegram: https://t.me/wallitiqofficial
Twitter/X: https://x.com/wiqnetwork
Instagram: https://www.instagram.com/wallitiqnetwork
