Double Top Warning for XRP 🚨

🚨 $XRP Double Top Warning 🚨

Oh my God... this chart does not look good 👀

The legendary trader Peter Brandt has just issued a bearish warning about $XRP.

📉 What is happening?

Brandt says that XRP may have formed a Double Top — one of the most dangerous reversal patterns.

🅼 Double Top Explained (Simple):

Price goes up ➝ retraces ➝ goes back up to the same level ➝ fails.

This shows that buyers are exhausted and sellers are taking control.

🔴 Key Levels on the Chart:

• Upper black line = Strong resistance (XRP hit it twice and failed)

• Lower black line = Neckline / critical support

• Current candle = Already breaking below support ⚠️

👉 A weekly close below the neckline confirms the pattern.

🧠 Extra bearish sign:

At the second peak, Brandt noted a downward trend line, meaning sellers intervened before the breakdown.

🎯 Target?

Brandt did not say it directly, but using classic techniques:

➡️ $XRP could return to the $0.50 zone if this pattern fully develops.

🐻 Invalidity / bearish trap:

If XRP suddenly recovers $2.00+, this setup fails — and Brandt admits he is wrong.

⚠️ Bottom line:

At this moment… the data is bearish.

Trade carefully and manage risk.

#Xrp🔥🔥 #CryptoNews #Altcoins #TechnicalAnalysiss