Claim BonusXRP Price Could Crash Below $1 on Double Top Pattern, Predicts Peter Brandt
Highlights
- Peter Brandt turns bearish as XRP forms a double-top pattern in the weekly timeframe.
- The chart indicates neckline at $2 to signals a potential price target at $1.
- Double-top pattern could fail in case of a rebound from key RSI support.
Veteran trader Peter Brandt turned bearish on XRP price, moving away from his recent long-term bullish prediction. He predicts XRP price could crash below $1 if bulls fail to negate a bearish pattern. Meanwhile, the key Whale Flow 30-DMA on-chain data remains in negative territory.
XRP Price Prediction by Peter Brandt
Peter Brandt shared a weekly chart and highlighted a double-top pattern formation. He warned the crypto community about a further crash in XRP price. Also, he turned bearish as the double-top pattern is an extremely bearish formation that signals a reversal from recent highs.
According to Brandt, XRP has formed two prominent peaks this year, with a critical neckline support level around $2. The double top pattern was confirmed following a recent break below $2, suggesting XRP price could soon shift downward.
Brandt warned that if the pattern remains intact and bulls fail to rebound prices, then XRP could begin crashing towards $1.
“It may fail, and I will deal with this if it does. But for now this has bearish implications. Love it or not – you need to deal with it, he added.
Bearish Prediction Sparks Community Reactions
Peter Brandt’s bearish prediction for XRP price triggered a flurry of responses. Some traders pointed out that a weekly Relative Strength Index (RSI) of 33 suggests XRP is oversold and may bounce if the double-top pattern fails.
Brandt agreed about a potential rebound in price with an increase in RSI. He said, “This could become exciting.” He added, “I am not championing a bear case – just showing charts for what they are.”
XRP Army criticized Brandt and claimed his previous bearish predictions preceded significant price rallies, casting doubt on the outlook.
XRP Price Action
The broader crypto market sentiment and on-chain data seem to support the warning. XRP price fell 4% in the past 24 hours, extending the crash to 50% from July highs. Recently, Peter Brandt shared a bullish outlook for XRP, but turned bearish now.
If XRP bulls fail to rebound the price from overbought RSI, XRP price could drop to $1 amid double-top pattern formation on the weekly chart
Meanwhile, whales continue to offload XRP holdings, with Whale Flow 30-DMA profoundly negative https://t.co/o48pmtMC9N pic.twitter.com/xfcM06q3NR
— Rednirav (@CryptoRednirav) December 18, 2025
The price is currently trading at $1.85, with a 24-hour low of $1.85 and a high of $1.98. Trading volume has increased by 25% in the last 24 hours.
Crypto analyst Ali Martinez recently revealed that whales sold 1.18 billion XRP in the last four weeks. He claimed the whale selling spree has increased pressure for a potential correction towards $1.
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