XRP Teeters on Breakdown as Key Support Faces Pressure — Analysts Eye $1.07 Target
XRP is approaching a critical tipping point as it tests the $2 support level — a zone that, if lost, could confirm a bearish head-and-shoulders pattern and spark a sharp sell-off.
The chart formation, often seen as a sign of trend reversal, has been forming since early this year. It features three peaks, with the middle one higher than the others, and a neckline spanning the $1.90–$2.00 range.
“If XRP breaks below this support area, we could see a technical breakdown that takes prices as low as $1.07,” warned veteran trader Peter Brandt. He added that such moves are typically calculated by measuring the height from the head to the neckline and subtracting it from the breakdown point.
XRP’s downward pressure has intensified alongside broader market uncertainty driven by geopolitical tensions and recent tariff announcements. If bulls fail to hold the line, the market may interpret it as a confirmation of a broader trend reversal.
However, should XRP reclaim the $3 level — its previous local high from early March — it could invalidate the bearish setup and restore bullish momentum.
For now, the market remains on edge as traders wait to see which direction XRP will break next.
