XRP is under pressure once again, falling 4.7% over the past week despite bullish sentiment in broader crypto markets fueled by Bitcoin’s rally to $88,800. The altcoin’s trading volume has also declined by 35%, dropping from $4 billion to $2.6 billion, further signaling weakening momentum after its brief 11% surge on March 19 following the resolution of Ripple’s SEC lawsuit.Head and Shoulders Warning: Could XRP Plunge to $1.07?Veteran trader Peter Brandt issued a stark warning this week, identifying a “textbook” head-and-shoulders (H&S) pattern forming on XRP’s chart. If confirmed, Brandt says the bearish structure could push the token’s price down to $1.07, a potential 55% correction from current levels.“Below $1.90, I would not want to own it. H&S projects to $1.07. Don’t shoot the messenger,” Brandt noted on X.He added that a rally above $3 would invalidate the pattern and restore bullish momentum.Not Everyone Is Bearish: Falling Wedge Breakout in FocusContrary to Brandt’s outlook, crypto trader Javon Marks sees a more optimistic setup. He pointed to XRP’s breakout from a falling wedge pattern, supported by a strengthening Relative Strength Index (RSI)—a combination historically followed by large price increases.“The last breakout resulted in a roughly +570% price increase, and prices could be ready for another substantial surge,” Marks stated.Key Levels: $2.50 Resistance & $1.90 SupportTechnically, XRP has managed to hold above the crucial $1.90 support level, which has acted as a buying zone since November 2024. The altcoin has yet to post a daily close below this threshold, indicating ongoing investor interest.“We need to see clear breaks of the levels I have shown. Just be aware of the next week or two, as the price action will be telling,” said order flow analyst Dom.For bulls, $2.50 remains a critical resistance to reclaim, having served as both support and resistance over the past four months.OutlookXRP’s short-term trajectory remains uncertain as the market digests conflicting technical signals. A drop below $1.90 could open the door for steep losses toward $1.07, while holding this level—especially with a breakout above $2.50—could signal the start of a larger bullish trend.XRP is at a technical crossroads. Traders should watch the $1.90 and $2.50 levels closely, as the next two weeks are likely to determine the altcoin’s direction, according to Cointelegraph.
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