XRP Teeters Near Key Support as Bearish Pattern Looms, Eyes on $1.07 Downside Target
XRP is flirting with a critical support level near $2, as bearish momentum fueled by tariff-driven market jitters puts pressure on the payments-focused token. A decisive drop below this zone could validate a classic head-and-shoulders pattern — a widely watched indicator of trend reversals — and open the door to a sharp decline.
The formation, characterized by three peaks with the middle one being the highest, has its neckline anchored around the $1.90–$2 range. That zone has acted as a strong demand area since January, but a breakdown here could signal the end of the current bullish trend.
Veteran trader Peter Brandt warns that if the pattern confirms, XRP could fall as low as $1.07 — nearly a 50% drop from current levels. Analysts arrive at this target using the “measured move” technique: subtracting the height of the pattern (from head to neckline) from the breakdown point.
On the upside, XRP bulls would need to push past $3 — the lower high set in early March — to invalidate the bearish setup and regain control of the trend.
