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News that will upset XRP bulls from a 50-year analyst! "The situation is very critical, the price could crash!" Here is the reason...
The experienced analyst Peter Brandt, who has been in the market for a long time and is closely followed for his successful analyses, shared his latest analysis for Ripple (XRP).
A veteran analyst indicating a bull run in XRP at the beginning of 2025 pointed out that a classic head and shoulders formation has formed in XRP's weekly chart.
At this point, Peter Brandt, who generally warns XRP investors against the head and shoulders formation known as a transition to bearish momentum, predicted that the price could fall below $1.80.
Attention to XRP Price!
Peter Brandt stated that XRP is currently at a critical point, acknowledging that the decline to $1.6 on April 7 was not part of a head-and-shoulders formation, but rather an abnormal movement due to increased volatility.
According to Brandt's acceptance, the head and shoulders pattern in XRP began to form at the end of 2024. The left shoulder formed in December 2024 when XRP reached 2.9 dollars, the head was formed during a higher fluctuation of 3.4 dollars in January 2025. The right shoulder was formed during an increase to 2.65 dollars in May 2025.
According to the analyst, in addition to these levels, the most important thing is that a strong horizontal neckline is found at $1,875. And XRP is currently trading just above this level.
The analyst emphasized that although a head-and-shoulders pattern is forming on the XRP chart, this does not mean that the XRP price will automatically drop.
At this point, Brandt pointed out that the XRP price is close to the neckline of $1.87 and is in a critical zone.
The analyst, who stated that he would reassess his analysis if XRP closes below the $1.8 range on the weekly chart, argued that a potential weekly close below $1.8 could deepen the decline.
According to the analyst, a close below 1.8 dollars could confirm a head-and-shoulders pattern known as a downward trend and could invite the price to crash.
*It is not investment advice.
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