XRP price at risk of 50%+ correction if bearish trading pattern holds — Peter Brandt 📉
XRP's price performance is lagging behind the broader cryptocurrency market amid a potential bearish trading pattern. Renowned trader Peter Brandt indicates that XRP's value might drop below $1.07 if the head-and-shoulders pattern holds.
XRP's market woes are compounded by a 4.7% decrease over the past week and trading volumes falling from $4 billion to $2.6 billion.
Brandt's claims are contested by other analysts who highlight alternate bullish indicators, suggesting a positive breakout for XRP with a potential significant surge.
Technical analysts suggest it may be too soon to predict a severe correction, as XRP has maintained key support levels. They emphasize the significance of XRP reclaiming the $2.50 level for sustainable growth.
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