Xrp’s ‘bearish’ Setup May Crash Price Below $1: Analyst 2025

XRP looked increasingly bearish below $2, with multiple indicators suggesting that a downward move toward $1 was possible in the coming weeks.

XRP (XRP)  has retraced nearly 50% from its multi-year high of $3.66 to trade below $2, a technical setup that may have “bearish implications” for its price, according to Veteran analyst Peter Brandt.

XRP appeared bearish below $2, with chart technicals pointing toward $1.

A successful test of support at $1.78 could invalidate the bearish outlook.

XRP’s technical setup shows that its inability to hold above the $2 support level puts the altcoin at risk of a deeper correction.

In a Wednesday post on X, Peter Brandt said the presence of a “potential double top” pattern could see XRP drop lower over the coming weeks or months.

Related: XRP sinks below $2 despite $1B in ETF inflows: How low can price go?

The double top pattern is still in play on the weekly chart (see below) and will be confirmed once XRP closes the week below the neckline at $2.

If the price reclaims the neckline, the breakdown could translate into a bear trap, invalidating the bearish case.

“Sure, it may fail, and I will deal with this if it does,” Brandt said, adding:

Source: CoinTelegraph