XRP Price Analysis: Is a Huge Correction Up Ahead?

XRP has once again captured the spotlight in the crypto market, rallying over 11% in the past 24 hours and reclaiming the critical $2 mark.

But as technical signals flash both bullish and bearish possibilities, many traders are asking the same question: Is a major correction looming just ahead?

Head & Shoulders on the Horizon?

Veteran commodities trader and famed chartist Peter Brandt recently weighed in on XRP’s price action, pointing to a potential Head & Shoulders (H&S) top formation.

Known for his classical technical analysis approach, Brandt shared his observations on X, warning of a “possible H&S top in $XRP.”

Brandt noted that the price spike seen around April 7 should be considered an “out-of-line movement,” an anomaly that distorts pattern accuracy. Removing this irregularity reveals a more textbook setup, a bearish reversal signal that has historically preceded major price drops.

But in true Brandt fashion, he didn’t sound the alarm just yet.

“Price is at support right now,” he emphasized, cautioning followers, especially “uneducated trolls”, against premature panic.

Brandt clarified that while a bearish formation is possible, it is not confirmed. The key level to watch? A daily close below 1.8xxxx, which would validate the bearish pattern and potentially trigger a downward reassessment.

Read Also: Ripple vs SEC Joint Court Petitions to Revise XRP Ruling

Geopolitics Meets Crypto Volatility

Despite the technical red flags, XRP has demonstrated surprising resilience. Over the weekend, geopolitical shocks, including heightened military tensions involving the U.S. and Israel, rattled global markets. XRP briefly dipped below psychological support before rebounding sharply to reclaim $2.

As of now, XRP trades at $2.17, brushing against resistance with bullish consolidation forming above $2.13–$2.15. Trading volume has surged, with buying pressure strongest around the $1.97 level, where a decisive breakout was triggered.

XRP Price Action: What the Charts Say

1. 24H Price Range: $1.967 – $2.173 (10.5% move)

2. Breakout Volume: 217 million units (3x daily average)

3. Key Support Levels: $1.97, $2.13–$2.15, and $2.154–$2.156

4. Resistance Zones: $2.06, $2.173

The breakout occurred during the 22:00 hour, fueled by elevated momentum and massive buying interest. Bulls first stepped in at $1.97, initiating a cascade that topped out at $2.173.

Since then, price has consolidated in a healthy range above $2.13, with dips quickly bought up, a strong sign of accumulation.

A quick 1.7% pullback at 04:07 was met with renewed buying, pushing XRP up by another 1.2% in the last hour of trading.

Bullish Structure or Bearish Trap?

Market sentiment is currently divided. On one hand, some analysts predict XRP could make a run toward $6 by month-end, citing elevated futures open interest, strong on-chain accumulation, and broader bullish structure if the current support holds.

On the other hand, a failure to defend $2.13, followed by a break below the $1.80–$1.97 support zone, could confirm the Head & Shoulders formation and trigger a potential 25% correction to $1.55.

Read Also: Is XRP Becoming More Popular? This Data Thinks So

What Traders Should Watch

1. $1.80: The “line in the sand” for Peter Brandt’s bearish confirmation.

2. $2.13–$2.15: Current bull stronghold, losing this may invite downside tests.

3. Volume Behavior: So far, spikes indicate accumulation. Watch for a shift toward distribution.

4. Macro Headlines: Continued geopolitical instability could either fuel demand for crypto safe-havens, or trigger panic selling across all risk assets.

Conclusion

XRP’s recent price surge is impressive, but the presence of a looming Head & Shoulders pattern introduces a layer of caution. As the market consolidates above key support, the next few sessions will be critical in determining direction.

For now, traders should stay vigilant. The bullish trend remains intact until proven otherwise, but should XRP slip below $1.80, the bulls may finally lose their grip.

Want to stay ahead of the market? Follow the Bitrue Blog for real-time updates, expert analysis, and deep dives into crypto trends that matter. Whether you’re trading XRP, Bitcoin, or exploring the next big altcoin, the Bitrue Blog is your trusted source for cutting-edge insights and market intelligence.

FAQ

Q1: Why is XRP gaining attention right now?
A: XRP has jumped over 11% in the past 24 hours, reclaiming the $2 mark amid increased trading volume and geopolitical turmoil. This sharp move has reignited trader interest and market speculation.

Q2: What is a Head & Shoulders pattern, and why does it matter?
A: A Head & Shoulders (H&S) pattern is a classic technical analysis signal that often precedes bearish reversals. Analyst Peter Brandt identified a possible H&S top forming in XRP, which could hint at a future price correction if key support levels break.

Q3: What support and resistance levels should I watch for XRP?
A: Key support levels include $1.97, $2.13, and $2.154. Resistance zones are currently seen at $2.06 and $2.173. A daily close below $1.80 could trigger a bearish shift in market sentiment.

Q4: Could XRP still go higher from here?
A: Yes, if XRP continues to hold above $2.13 and breaks through resistance, some analysts see potential for a rally toward $6. Elevated futures activity and on-chain data also suggest ongoing accumulation by institutional players.

Q5: Where can I get more updates on XRP and other crypto assets?
A: Stay connected with the Bitrue Blog for the latest market updates, trading insights, and crypto news that keeps you one step ahead.