XRP Nears Critical Support as Head-and-Shoulders Pattern Signals Potential Breakdown

XRP is trading near a crucial support level around $2 amid a broader market risk-off triggered by tariff-related concerns. This level holds key significance in confirming a bearish reversal pattern known as the head-and-shoulders (H&S).

The head-and-shoulders pattern consists of three peaks, with the central one being the highest. A neckline drawn across the base of the pattern, currently in the $1.90–$2 range, has served as a vital demand zone since January. A decisive move below this zone would confirm a breakdown, signaling a shift from a bullish to a bearish trend.

Veteran trader Peter Brandt suggests that a confirmed H&S breakdown could push XRP’s price down to $1.07, based on the measured move method. This technique calculates the distance from the top of the head to the neckline and subtracts that from the breakdown point—here, around $2—indicating a nearly 50% price decline if support fails.

While the downside risk looms, bulls still have a chance if XRP breaks above $3, a key resistance level formed in early March. That move would invalidate the bearish setup and reignite bullish momentum.

With XRP hovering around the neckline support and the broader crypto market showing signs of weakness, traders are closely watching for confirmation of this critical pattern. A break in either direction could set the tone for XRP’s price action in the coming weeks. Investors should stay alert as technical indicators and macroeconomic pressures converge at this pivotal moment.