XRP Crash Alert: $60 Billion Wipeout Looms If Price Fails to Hit $3, Warns Peter Brandt!

In the latest XRP news, seasoned trader Peter Brandt has issued a timely warning with his XRP price prediction, predicting a potential 50% decline in its value. This warning marks a significant contrast from his earlier optimism about the cryptocurrency. Brandt’s analysis was based on the classic “head and shoulders” pattern forming on XRP’s price chart, a bearish indicator that usually signals a trend reversal. 

‘$1.07 The Next Stop If XRP Fails to Break $3’ Brandt Says

In a post on social media website X, Brandt compared XRP to the hype-based toys “Beanie Babies” and “Pet Rocks”, commenting that the token had little intrinsic worth and was based more on speculation and market buzz. The H&S pattern, which includes three peaks (a “head” with two “shoulders” on either side, suggests a bearish trend in the coming time unless XRP breaks above $3. If XRP fails to break $3, Brandt predicted a decline to $1.07- nearly 50% below its current trading level of approximately $2.4.

Don't shoot the messenger.
Your favorite Beanie Baby/Pet Rock crypto displays a classic complex H&S top. This could become bullish if 3.0 is exceeded, otherwise the implications is a decline to 1.07. If you have an issue with this, take it up with Magee and Edwards $XRP pic.twitter.com/nHaIgn8uP4

— Peter Brandt (@PeterLBrandt) March 28, 2025

XRP On The Brink of Facing Billions in Value Loss

“This could become bullish if 3.0 is exceeded; otherwise, the implications are a decline to 1.07,” the expert warned. With XRP’s market cap of nearly $121 billion, a fall to $1.07 could erase nearly $60 billion in value. This alone is comparable to the market capitalization of rival cryptocurrencies like Solana. Despite recent positive XRP news, including the resolution of the SEC case, the token has struggled to sustain upward momentum. Brandt’s warning comes amidst heightened uncertainty in the crypto space.

While some experts believe a spike above $3 could reverse the bearish pattern and ignite bullish sentiments, the market remains cautious. Brandt has also clarified that above $3, he would avoid short selling it, but below $1.90, he sees no reason to hold it. This XRP news highlights the speculative nature of XRP and shows the risks for investors relying solely on market hype. Whether or not XRP can defy these predictions remains uncertain. So, let us take a look at the XRP price today and try to understand possible patterns. XRP price prediction at the end!

XRP Price Analysis of Last 24 Hours: XRP Continues Breaching Support Levels

XRP commenced trading yesterday at a price of $2.15. With rapid action on the MACD, the price rose slightly before dipping to $2.12. At 00:55 UTC, a significant golden cross formed on the MACD, leading XRP into a confident uptrend. By 03:25 UTC, XRP was trading at $2.21. However, the RSI was spotted in the overbought region as XRP faced a trend reversal. XRP soon declined, finding support at $2.15. The price attempted an upward movement but faced strong resistance at the $2.20 level. The resistance trendline kept dropping, leading XRP to breach support and find a new one at $2.117. 

Chart 1- analyzed by raodevansh18, published on TradingView, March 31, 2025

XRP now faced resistance at $2.17 and failed to go beyond that mark. Failure to break the resistance led to significant fluctuations as XRP again abandoned the support levels, ultimately finding a base at $2.07, with the latest resistance at $2.11. Once again, XRP followed the trend of testing the resistance levels a few times and then diving below the support level. As of the last update, XRP was spotted at $2.04, having abandoned the support level. 

XRP Price Prediction: Will The Downtrend Continue?

The patterns seen in the XRP price today align with Peter Brandt’s prediction. Failure to breakout at the $3 mark has led XRP into this declining phase, and for now, it does not look like it will muster a significant reversal any time soon. For now, it looks like XRP will fluctuate in a trading range before abandoning support again, forming new resistance and support levels in the latter half of the day.