đš $XRP Double-Top ALERT đš
Legendary commodity trader Peter Brandt flags an M-shaped double-top on #XRP ïżŒ. XRP hit ~$2.00 resistance twice (two peaks) and failed ïżŒ.
âą Neckline BREACHED: Price closed below the support ânecklineâ on the weekly chart ïżŒâthe classic breakdown signal.
âą Bearish Target: If confirmed, the pattern implies a move down toward the $0.50 zone ïżŒ.
âą Invalidation: A decisive rally above $2.00 would invalidate this setup ïżŒ (Brandt calls that a bear-trap trigger).
â ïž Caution: Brandt is a prominent, respected trader ïżŒ. Chart patterns can fail â a close back above $2.00 flips bullish.
Letâs discuss! đđ
#xrp #CryptoTrading #PeterBrandt #altcoins #DoubleTop

XRP
1.3659
-1.75%