![\"XRP](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/03\/Gm94xXvbYAMgf2d.png?resize=763%2C509\")
<\/p>\nIn 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.<\/p>\n
Brandt\u2019s 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.<\/p>\n
<\/p>\n
The 8\u2010day (C,8) and 18\u2010day (C,18) moving averages\u2014shown in orange and black, respectively\u2014now hover around the $2.44 mark, where the price is currently sitting.<\/p>\n
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\u2013$2.99 ceiling, a clear horizontal resistance band where XRP has struggled to sustain upward momentum.<\/p>\n
Brandt states that a decisive break below $1.90 \u201cwould not be ideal for longs,\u201d 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 \u201chead.\u201d<\/p>\n
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\u2019s measured\u2010move 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.<\/p>\n
Brandt\u2019s 8\u2010day and 18\u2010day moving averages converge around $2.44, indicating muted momentum at current levels. The 30\u2010day Average True Range (ATR) measures near $0.205, implying that daily price swings have compressed compared to the explosive action seen during XRP\u2019s ascent from late 2024 through early 2025. Still, a break beyond $3.00 or below $1.90 could spark a renewed surge in volatility.<\/p>\n
Brandt emphasizes his lack of a personal stake in XRP, explaining that he is merely relaying what he views as a \u201ctextbook\u201d bearish pattern: \u201cI 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\u201dlow $1.9 I would not want to own it. H&S projects to $1.07. Don’t shoot the messenger.<\/p>\n
At press time, XRP traded at $2.35.<\/p>\n
![\"XRP](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/03\/XRPUSDT_2025-03-27_08-42-25.png?resize=3628%2C1605\")
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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\u2019s bull flag, the asset continued aggressively higher, building a local top around $2.90 in…<\/p>\n","protected":false},"author":1,"featured_media":3886,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[146],"tags":[736,40,46,47,147,149],"class_list":["post-3885","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-xrp-news","tag-peter-brandt","tag-xrp","tag-xrp-news","tag-xrp-price","tag-xrp-price-analysis","tag-xrp-technical-analysis"],"_links":{"self":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/3885","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/comments?post=3885"}],"version-history":[{"count":0,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/3885\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media\/3886"}],"wp:attachment":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media?parent=3885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/categories?post=3885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/tags?post=3885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}