Peter Brandt, a legendary trader and crypto expert, has provided a prediction regarding XRP by analyzing charts and current market trends.
Peter Brandt Analyzes XRP Price
Peter Brandt pointed out a potential head and shoulders pattern on the weekly XRP charts. In an X post, he shared a chart showing that XRP had recently dropped into a tight consolidation range. The coin found support just below $2, precisely where the neckline of this head-and-shoulders pattern is formed. Brandt noted that if XRP closes below $1.87 this week, it could see further downturns. A head and shoulders breakdown typically signals weakening upward momentum.
Expanding XRPL Ecosystem
Meanwhile, despite price uncertainty, the XRP Ledger (XRPL) shows significant growth. On June 22, 2025, the XRPL recorded 1.83 million transactions, marking a major milestone for the blockchain. This highlights the increasing role of XRP in practical digital payments and indicates demand driven by utility rather than speculative hype. Recently, Circle Internet Group launched its stablecoin USDC on XRPL, enabling direct transfers without asset movement between chains.
Key Performance Indicators to Watch for XRP
As of this writing, XRP's price hovered around $2. It dropped to $1.90 during a broader crypto sell-off caused by geopolitical tensions, although it rose approximately 8% to $2.18 in the process of market recovery. Technical analysis indicates the Relative Strength Index (RSI) has moved to oversold territory, potentially suggesting further decline. Should XRP adoption continue to rise, the coin could soon shift to a bullish trend.
Peter Brandt's price analysis and insights into XRP reflect crucial aspects of the current market landscape and provide traders with points for consideration regarding potential future movements.
