Veteran Trader Predicts XRP Price Could Crash To $1.07 Next

Peter Brandt has unveiled a grim market outlook for the XRP price in their near term, predicting prices to tumble to $1.07. The veteran trader is hinging his prediction on the formation of a classic head and shoulders pattern, signaling a trend reversal.

Peter Brandt Projects An XRP Price Slump

Veteran trader Peter Brandt is stoking bearish sentiment for XRP with his latest price prediction. According to an X post, Peter Brandt says the XRP price is at risk of tumbling to $1.07 in the near term.

He argues that XRP is flashing clear signals of a trend reversal after a previous run that saw the asset gain 5% over the last month. Brandt notes that XRP’s run of form is coming to an end, and prices will threaten to fall below the $1 mark. His comments stand in stark contrast to a previous prediction tipping XRP price to $27 in 60 days.

Updating a chart for those interested
I 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
Below 1.9 I would not want to own it
H&S projects to 1.07
Don’t shoot the messenger pic.twitter.com/wdpW9RpU5k

— Peter Brandt (@PeterLBrandt) March 26, 2025

Brandt is hinging his prediction on a classic head and shoulders pattern on the charts for XRP price. The chart pattern often indicates a trend reversal, with Brandt noting that the pattern is pointing to a decline.

“I have no vested interest up or down,” said Brandt. “XRP is forming a textbook H&S pattern.”

At the moment, XRP is trading at $2.30, which the veteran trader translates as range-bound trading. He notes that a spike above $3 will lead to a correction, while a dip below $1.9 will trigger a grim price slump.

H&S projects to 1.07. Don’t shoot the messenger.

Fundamentals Around Ripple Are Glowing Despite Grim Prediction

While Peter Brandt’s prediction paints a grim picture for XRP price, Ripple fundamentals are largely positive. Right off the bat, XRP ETF approval odds spike by 83% despite delays by the US SEC.

The US SEC has delayed issuing approvals for several XRP ETF filings with Bitwise, Grayscale, and Coinshares waiting for a decision. Despite the delay, Volatility Shares has launched the first-ever 1x XRP futures ETF, drumming up enthusiasm for a spot approval.

Furthermore, a new XRP Ledger batch upgrade will position Ripple to compete with Ethereum and Solana. XRP price rallied following the XRP Ledger announcement, building on a streak of positive fundamentals.

Ripple’s social media mentions have surged to a three-month high, driven by a slew of partnerships and acquisitions. Despite the roadblocks following Judge Torres’s indicative ruling in the Ripple SEC case, enthusiasm for a near-term resolution is at an all-time high.

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Aliyu Pokima

Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.

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