Veteran trader Peter Brandt has highlighted a potential bearish double top pattern in XRP's weekly chart. The cryptocurrency has fallen 50% from its July peak of $3.65 to its current price of $1.83, with significant tops at $3.4 and $3.65. A close below $1.8 could confirm this bearish pattern, potentially leading to further declines. Despite this, Brandt noted that the pattern remains unconfirmed, and the weekly RSI at 33 suggests a possible recovery, leaving room for a bullish reversal if the pattern does not hold.
Peter Brandt Warns of Potential Bearish Double Top in XRP
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