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Veteran Trader Warns Of ‘Textbook’ XRP Crash Pattern
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Veteran Trader Warns Of ‘Textbook’ XRP Crash Pattern

Jake Simmons
Jake Simmons
2 months ago
2 mins read
XRP crash news

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In an update posted via X, veteran market analyst Peter Brandt shared a striking technical outlook for XRP/USDT, identifying a classic Head & Shoulders (H&S) formation in the daily chart that points to a possible retracement toward the $1.07 region.

Brandt’s chart tracks XRP daily bars from mid‐October through late March on Binance. The XRP surged from below $0.50 in late October to above $1.00 in mid‐November. After forming a bull flag, the asset continued aggressively higher, building a local top around $2.90 in early December before starting the last leg up as high as $3.40 in mid-January.

XRP h&S pattern
XRP h&S pattern, 1-day chart | Source: X @PeterLBrandt

The 8‐day (C,8) and 18‐day (C,18) moving averages—shown in orange and black, respectively—now hover around the $2.44 mark, where the price is currently sitting.

XRP Could Crash If This Happens

Two notable horizontal levels frame the current trading zone. First is the $1.90 floor, which serves as the approximate neckline for the H&S pattern and has repeatedly acted as support. Second is the $2.90–$2.99 ceiling, a clear horizontal resistance band where XRP has struggled to sustain upward momentum.

Brandt states that a decisive break below $1.90 “would not be ideal for longs,” while any upside breach above $3.00 could force short sellers to reconsider their positions. On the chart, the left shoulder formed near the $2.90 handle, followed by a higher peak at $3.40, creating the “head.”

Subsequently, the right shoulder emerged closer to the $3.00 zone. The neckline sits around $1.90. If XRP breaks below that neckline with sufficient volume, Brandt’s measured‐move target suggests a decline to approximately $1.07. He labels this price objective with a red arrow, signaling the potential downside risk inherent in classical H&S patterns.

Brandt’s 8‐day and 18‐day moving averages converge around $2.44, indicating muted momentum at current levels. The 30‐day Average True Range (ATR) measures near $0.205, implying that daily price swings have compressed compared to the explosive action seen during XRP’s ascent from late 2024 through early 2025. Still, a break beyond $3.00 or below $1.90 could spark a renewed surge in volatility.

Brandt emphasizes his lack of a personal stake in XRP, explaining that he is merely relaying what he views as a “textbook” bearish pattern: “I have no vested interest up or down. XRP is forming a textbook H&S pattern. So, we are now range bound. Above $3.000 I would not want to be short. Be”low $1.9 I would not want to own it. H&S projects to $1.07. Don’t shoot the messenger.

At press time, XRP traded at $2.35.

XRP price
XRP falls back below the trend line, 1-day chart | Source: XRPUSDT on TradingView.com
Featured image created with DALL.E, chart from TradingView.com
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Jake Simmons
Jake Simmons

Jake Simmons

Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with NewsBTC.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field.

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His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone.
With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake’s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage.

Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control.

For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality.

As a journalist, Jake’s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies.

In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it’s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake’s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time.

You can engage with his latest takes on Twitter: @realJakeSimmons.

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