Brandt Sees XRP Inverse Head-and-Shoulders Pattern Near $1.52

Renowned trader Peter Brandt has reevaluated his stance on XRP, stating that its price charts alone are sufficient reason to consider a trade. In a recent chart analysis, Brandt highlighted two historical multi-year breakout structures and a potential inverse head-and-shoulders formation near $1.52.

The current setup is testing the neckline around $1.50-$1.55, which also marks an important horizontal level for XRP. According to classical chart analysis, the inverse head-and-shoulders pattern would require a sustained break above the neckline before being considered confirmed.

Brandt's chart also tracks two major XRP breakouts: one during 2017 and another in late 2024. The token has since retraced toward the lower part of its post-breakout range, creating the smaller shoulder-head-shoulder structure now highlighted on the chart.