Peter Brandt Warns XRP Could Plummet to $1.07 Unless It Surges

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🚨📉 XRP Plunges into the Abyss 📉🚨

Peter Brandt, a seasoned market analyst with a penchant for predicting doom and gloom, has conjured up a pattern in XRP’s price chart that’s as ominous as a Swiss Alps thunderstorm. It’s called a head and shoulders top, a bearish pattern that’s as reliable as a Swiss watch 🕰️.

XRP: Lost in a World of Uncertainty

Since March’s arrival, XRP has been as predictable as a cat in a bathtub 🐈. It’s careened between downward and upward trends, making even the most seasoned analysts wonder if it’s a pet rock or a rocket ship 🚀. “This could become bullish if 3.0 is exceeded, otherwise the implications are a decline to 1.07,” he noted, no doubt with a straight face.

Don’t shoot the messenger.
Your favorite Beanie Baby/Pet Rock crypto displays a classic complex H&S top. This could become bullish if 3.0 is exceeded, otherwise the implications is a decline to 1.07. If you have an issue with this, take it up with Magee and Edwards $XRP

— Peter Brandt (@PeterLBrandt) March 28, 2025

Brandt’s chart reveals that the left shoulder formed when XRP hit a $2.9 peak in early December 2024, which, if we’re being frank, was as inevitable as a politician’s promise 🤣. This surge followed an uptrend that started in November 2024 after Donald Trump’s election win, with XRP rising from $0.5 in November to $2.9 in December before plummeting like a skydiver without a parachute 🎤.

After more than a month of sideways movement, XRP bounced back, reaching a new seven-year high of $3.4 in mid-January 2025. This peak marked the “head” of the pattern, which, if we’re being optimistic, was as exciting as a Sunday afternoon nap 😴. However, after hitting resistance at $3.4, XRP dropped along with the broader market, because, well, gravity exists ⬇️.

Key Levels To Watch (or Not Watch, Who Knows?)

With both shoulders and the head in place, the pattern’s neckline is around $1.9 to $2, which, let’s be honest, is as relevant as a ship’s logbook in the middle of the ocean 🌊. This level is crucial because it will decide whether the head and shoulders pattern holds or gets invalidated, because who needs clarity, anyway? 🤔

In his latest analysis, Brandt called XRP a “pet rock,” which, if we’re being kind, is a term of endearment 🐾. However, he acknowledged that if XRP breaks above $3, the bearish outlook would no longer apply, because, as we all know, miracles can happen 🎉. If the head and shoulders pattern holds true, Brandt predicts XRP could drop to $1.07, a level last seen in November 2024, which, if we’re being optimistic, is as exciting as a deflated balloon 🎈.

Brandt previously warned that this drop could happen if XRP falls below $1.9, the key support level, which, if we’re being honest, is as reliable as a cryptic message from a Russian oligarch 📱. Right now, XRP is trading at $2.16, down 6.12% in the last 24 hours, because, as we all know, the market is as predictable as a teenager’s mood swings 🤪.

Economic Factors (or Lack Thereof)

Besides the technical charts, economic factors also impact XRP’s price, because, as we all know, the economy is as predictable as a politician’s lie 🤥. The upcoming 25% tariffs on car imports, starting April 3 under Trump’s policy, could raise manufacturing costs and fuel inflation, which, if we’re being kind, is as exciting as a root canal without anesthesia 🤯.

Besides, the CME FedWatch Tool estimates the chances of a rate cut in June at 55.7%, down from 67.3% last week, because, as we all know, the Fed is as reliable as a robot’s personality 💻. If the Fed keeps rates higher for longer, it can decrease liquidity in speculative markets, which may negatively impact risk assets such as XRP, because, as we all know, risk is as fun as a Sunday morning alarm clock ☁️.

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2025-03-29 10:26