🚨 $XRP Double Top WARNING 🚨
Oh my God… this chart doesn’t look good 👀
Legendary trader Peter Brandt just dropped a bearish warning on $XRP.
📉 What’s happening?
Brandt says XRP may have formed a Double Top — one of the most dangerous reversal patterns.
🅼 Double Top Explained (Simple):
Price goes up ➝ pulls back ➝ goes up again to the same level ➝ fails.
This shows buyers are exhausted and sellers are taking control.
🔴 Key Chart Levels:
• Top black line = Strong resistance (XRP hit it twice and failed)
• Bottom black line = Neckline / critical support
• Current candle = Already breaking below support ⚠️
👉 A weekly close below the neckline confirms the pattern.
🧠 Extra Bearish Sign:
On the second top, Brandt spotted a descending trendline, meaning sellers stepped in before the breakdown.
🎯 Target?
Brandt didn’t say it directly, but using classic technicals:
➡️ $XRP could revisit the $0.50 zone if this pattern fully plays out.
🐻 Invalidation / Bear Trap:
If XRP suddenly reclaims $2.00+, this setup fails — and Brandt admits he’s wrong.
⚠️ Bottom Line:
Right now… data is bearish.
Trade carefully and manage risk.
