XRP Crash Alert: Veteran Trader Predicts Pullback to $1

• XRP Crash Prediction.
• Head and Shoulders Pattern.
• Forecast pullback to $1.

While some aim for an increase in XRP to the $3 mark, a recent warning has resonated in the community: veteran trader Peter Brandt predicts a possible drop in the asset's price to $1,07. The analyst based his prediction on the formation of a classic Head and Shoulders (HS) pattern on the XRP chart, a strong bearish signal.

XRP has seen a sharp pullback today, breaking out of the $2,45 zone to trade around $2,30. At press time, the price of XRP was trading at $2,31, down 5.4% over the past 24 hours. The drop took the asset’s weekly losses to over 7%.

Amid this scenario, expert Brandt noted in his technical analysis that XRP has been oscillating in a price range between $1,90 and $3. However, the formation of the HS pattern is suggesting a potential reversal of the bullish trend to a bearish trend for the cryptocurrency.

“$XRP is forming a textbook HS pattern. So right now we are range bound Above 3.000, I wouldn’t want to be short Below 1.9, I wouldn’t want to own it HS projects to 1.07,” he wrote.

Updating a chart for those interested
I have no vested interest up or down $ Xrp is forming a textbook HS pattern.
So, we are now range bound
Above 3.000 I wouldn't want to be short
Below 1.9 I wouldn't want to own it
HS projects to 1.07
Don't shoot the messenger pic.twitter.com/wdpW9RpU5k

- Peter Brandt (@PeterLBrandt) March 26, 2025

If XRP price falls below the $1,90 level, Brandt’s bearish prediction could come true, taking the asset to $1,07. However, the projection could be invalidated if XRP breaks above the $3 resistance. It is worth noting that the $2 price zone remains the most critical support level for XRP, as observed another renowned cryptocurrency analyst, Ali Martinez.