Peter Brandt Says XRP Could Fall to $1 on Double-Top Pattern
On December 18, 2025, veteran trader Peter Brandt abandoned his recent long-term bullish view on XRP and flagged a developing double-top chart pattern as the reason. Brandt warned that if buyers fail to invalidate that bearish formation, XRP’s downside could extend toward the $1 area — a roughly significant move for traders watching short- and medium-term momentum. The double-top is widely seen as a reversal signal; if confirmed, it often implies a measured decline equal to the height of the pattern.
The remark matters because Brandt’s technical calls are closely watched by crypto traders and market participants, and a confirmed pattern could increase selling pressure and volatility. Investors should watch for clear invalidation — a sustained break above the double-top region — and use risk management rather than relying on any single forecast. Technical setups can shift quickly, so confirmation and position sizing remain key.