Veteran trader Peter Brandt has warned of a potential bearish setup for $XRP , highlighting a possible double-top pattern on the price chart — a formation that often signals weakening bullish momentum. While Brandt admits the pattern could fail, he stresses the risk remains.
On the other hand, conflicting signals persist. Analyst Steph is Crypto notes XRP historically rallies after extended periods below its 50-week SMA, with past gains of 211%, 70%, and 850%. Fundamentally, Ripple continues to strengthen its ecosystem through RLUSD’s multichain expansion and new institutional XRP trading tools.
Despite short-term technical caution, long-term fundamentals remain supportive.
