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Veteran Trader Peter Brandt Flags Potential Bearish Double Top for XRP

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XRP
$1.925610.64%
Veteran trader Peter Brandt has identified a potential bearish trend in XRP, pointing to a bearish double top on the weekly chart. XRP has dropped 50% from its July high of $3.65, now at $1.83, with two tops forming at $3.4 and $3.65. A close below $1.8 could confirm the pattern. Analysts are watching top altcoins closely, as a breakdown may signal further declines. However, Brandt stressed the pattern is unconfirmed. Weekly RSI at 33 suggests possible recovery, and a bullish reversal remains a possibility if the structure fails.
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