Brandt Spots Possible Bearish XRP Head and Shoulders: Here’s What Could Set It Off

Market veteran Peter Brandt has identified a potential head and shoulders pattern on the weekly XRP chart, pointing out what could set it off. XRP finds itself at a critical point after a sharp drop tied to global tensions. The broader crypto market took a hit when the United States launched airstrikes on several nuclear facilities in Iran, escalating the ongoing Iran-Israel conflict. As of now, XRP trades around $2.03, sitting in a fragile spot. At this position, veteran trader Peter Brandt pointed to a possible Head and Shoulders (H&S) pattern on the one-week chart, a structure that often leads to a shift to bearish momentum. XRP Could Confirm the H&S if It Closes Below $1.8Notably, he identified the sharp dip to $1.61 on April 7 and chose to treat it as an anomaly caused by heightened volatility rather than part of the pattern. When one removes this outlier, the H&S structure looks more intact and consistent.For perspective, the pattern started forming at the end of last year. Specifically, the left shoulder formed in December 2024, when XRP hit $2.9 and corrected. Meanwhile, the head formed in January 2025 amid the higher surge to $3.4 . The right shoulder formed during the rise to $2.65 in May 2025. XRP 1W Chart | Peter Brandt Importantly, a solid horizontal neckline sits at $1.875, and XRP currently trades just above that level. Brandt stressed that this doesn’t automatically mean the price will drop. However, he plans to re-evaluate his stance if XRP closes below the $1.80 range on the weekly chart. This move could confirm the pattern and invite deeper losses.Several indicators support that the market is in a state of indecision. For instance, the 8-week and 18-week exponential moving averages have flattened and now run close together, showing fading momentum. The ADX, which tracks trend strength, sits at a soft 16.41, well below the threshold for a strong trend. Meanwhile, the Average True Range reads 0.486, indicating that volatility has cooled down. When price action tightens like this, it often leads to a big move in either direction.Analysts Remain Positive on XRPAs XRP maintains this position, multiple analysts are also discussing its potential direction. CryptoInsightsUK focused on the liquidity building up around $1.87 and predicted that XRP might dip slightly below that level to shake out weak hands. https://twitter.com/Cryptoinsightuk/status/1937091688138199219He mentioned that if XRP dropped as low as $1.72, it could present an ideal buying opportunity. At the same time, he urged traders to watch the liquidity sitting above current levels, suggesting that any upward move from here could trigger a strong rally.In an earlier report from The Crypto Basic, analyst EGRAG said XRP successfully tested a major support zone, which he calls the “white box” during the latest downward push. EGRAG sees this development as a bullish sign. He presented two likely paths: either XRP continues correcting or it bounces toward new highs. He also warned that if XRP fails to reclaim the $2.08 level, it could slide to $1.90 or even $1.77. If the market turns more bearish, $1.47 might serve as the next key support level.

Source: The Crypto Basic