![\"XRP](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/12\/G8Y04XaakAAPxl-1.png?resize=1024%2C527\")
<\/p>\n
The chart shows XRP-USDT on Binance in weekly bars, with two highs clustered around $3.40 and $3.66 and a clearly marked support shelf near $2.00. In classical chart terms, that $2 region functions as the neckline: lose it with follow-through, and the market is no longer in \u201cpullback inside a range\u201d territory \u2014 it\u2019s in \u201cfailed structure\u201d territory.<\/p>\n
That distinction matters because double tops tend to be less about the second peak itself and more about what happens at the midpoint low between the two peaks. Brandt\u2019s framing reflects that: the pattern is \u201cpotential\u201d until either support holds and price reclaims prior levels, or the neckline breaks and the market accepts lower.<\/p>\n
In this case, Brandt\u2019s chart is already showing XRP trading below the $2.00 line, with the most recent marker around $1.8859. That puts the focus squarely on whether the breakdown becomes a sustained weekly close-and-hold below support, or whether the move gets reversed quickly enough to treat it as a bear trap.<\/p>\n
Or Is The XRP Bottom In?<\/h2>\n
Not everyone reading the same tape is leaning into the bearish conclusion. Trader Cryptollica posted a separate XRP\/USD weekly chart (Bitstamp) on Dec. 15 highlighting the weekly RSI at roughly 33, accompanied by the comment: \u201c$XRP WEEKLY RSI : 33 ![\"\ud83d\udca5\"](\"https:\/\/s.w.org\/images\/core\/emoji\/16.0.1\/72x72\/1f4a5.png\")
\u201d. The chart highlights that, in the past five cases, similarly low readings in XRP\u2019s weekly RSI have tended to occur around market bottoming zones.<\/p>\n
![\"XRP](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/12\/G8N1mxLWoAAAARg-1.jpg?resize=1024%2C512\")
<\/p>\n
Brandt was receptive to the conditional logic \u2014 specifically, the idea that a failed double top can flip from bearish to bullish if the breakdown doesn\u2019t stick. Responding, he wrote: \u201cYea, if this dbl top fails then this could become exciting. I agree. I am not championing a bear case — just showing charts for what they are.\u201d<\/p>\n
That exchange captures the actual tension here. Momentum measures like RSI can identify stretched conditions and recurring historical zones, but they do not, on their own, invalidate a price-structure breakdown.<\/p>\n
Notably, Brandt did not provide a price target in his comment. But the chart he shared contains enough structure to infer the standard \u201ctextbook\u201d projection many technicians would use. With peaks near $3.60 and a neckline near $2.00, the pattern height is about $1.60. The conventional measured move subtracts that height from the neckline after a break, implying a target in the neighborhood of $0.40 if the setup fully plays out.<\/p>\n
That is not a forecast, and it\u2019s not a promise the market will cooperate \u2014 it\u2019s simply the arithmetic implied by the pattern Brandt is pointing at. The more immediate question is whether XRP can reclaim the $2.00 area decisively enough to turn the breakdown into a failed move. If it can\u2019t, the chart conversation shifts from \u201cpotential double top\u201d to \u201cconfirmed break,\u201d and the downside math stops being hypothetical in traders\u2019 positioning models.<\/p>\n
At press time, XRP traded at $1.83.<\/p>\n
![\"XRP](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/12\/XRPUSDT_2025-12-18_08-39-30.png?resize=1024%2C473\")
<\/p>\n","protected":false},"excerpt":{"rendered":"
Veteran chartist Peter Brandt is flagging what he calls a \u201cpotential double top\u201d on XRP\u2019s weekly chart, a classic reversal setup that, if confirmed, would argue for materially lower prices \u2014 even as other traders point to a washed-out weekly RSI reading that has historically aligned with prior bottom zones. Peter Brandt Flags XRP Double…<\/p>\n","protected":false},"author":1,"featured_media":8977,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[146],"tags":[40,46,47,147,149],"class_list":["post-8976","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-xrp-news","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\/8976","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=8976"}],"version-history":[{"count":0,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/8976\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media\/8977"}],"wp:attachment":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media?parent=8976"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/categories?post=8976"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/tags?post=8976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}