Popular trader Peter Brandt has issued a technical warning about XRP’s price outlook, pointing to a classic Head and Shoulders (H&S) pattern forming on the weekly chart.

While XRP has shown strong network performance and briefly rebounded in recent days, Brandt’s analysis suggests that if key support fails, the asset may be headed for a bearish breakdown.

Head and Shoulders Pattern Indicates Potential Top

According to Brandt’s post, XRP has entered a tight consolidation zone with support near $1.99—coinciding with the neckline of the potential H&S pattern.

If this formation confirms and XRP closes below $1.87, Brandt argues that it would signal the end of the late 2024 rally and open the door to extended downside. In technical terms, this pattern often marks a shift from bullish to bearish momentum.

Traders are closely monitoring this neckline area, with $1.95 to $2.00 identified as a critical range. A breakdown here would validate the bearish setup, while a rebound could delay or invalidate the signal. For now, the structure leans negative unless XRP regains traction above $2.00 convincingly.

XRPL Activity Surges Amid Price Volatility

Despite the price uncertainty, the XRP Ledger (XRPL) ecosystem continues to expand. On June 22, it processed a record 1.83 million transactions in a single day, driven by growing peer-to-peer transfers and real-world use cases.

Circle’s launch of USDC on XRPL further enhances its appeal, offering native stablecoin support without requiring cross-chain movements.

This growth in functionality and adoption suggests that demand for XRP is increasingly utility-driven, not purely speculative. Active wallet numbers surged 142% in Q1 2025, particularly following Ripple’s acquisition of Hidden Road.

These network fundamentals could offer long-term price support even if short-term momentum weakens.

Outlook Hinges on Support Zone and Broader Sentiment

XRP briefly dipped to $1.90 during recent geopolitical turmoil but has since rebounded to around $2.18 amid improved market conditions. Trading volume climbed 8% in 24 hours to $5 billion, indicating rising interest.

However, technical indicators remain mixed—RSI hovers in oversold territory, suggesting either a potential bounce or a continuation of weakness.

Analysts maintain that XRP’s next move hinges on the $1.95–$2.00 zone. A sustained bounce could reignite bullish momentum, especially if broader crypto sentiment strengthens.

Conversely, a close below $1.87 may confirm Brandt’s bearish projection and trigger further declines. Traders are advised to monitor both price action and network activity as signals for what lies ahead.

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