Veteran analyst Peter Brandt has identified a bearish head and shoulders pattern on XRP’s chart, warning that the price could drop to $1.07 unless it breaks above $3.
Since March, XRP has failed to establish a clear trend. Despite occasional upswings, it remains on a bearish trajectory. Accordingly, Brandt observed a head-and-shoulders pattern on XRP’s chart. He believes this pattern formation signals a potential major pullback unless XRP can invalidate it with a strong rally above $3.
Breaking Down Head and Shoulders Pattern
- Left Shoulder: XRP surged to $2.9 in December 2024, fueled by the post-election market rally after Donald Trump’s victory.
- Head: XRP hit a new seven-year high of $3.4 in mid-January 2025 before retracing.
- Right Shoulder: On March 2, after Trump’s social media post about including XRP in the U.S. crypto reserve, the asset recovered to $3.
Currently, XRP’s neckline lies around $1.9 to $2.0, making it a crucial support level. If it drops below $1.9, the pattern suggests a plunge to $1.07, the lowest since November 2024.
What’s Next for XRP?
If XRP breaks above $3, it invalidates this bearish formation and could resume an uptrend. If XRP falls below $1.9, a further decline to $1.07 is likely. Currently, XRP is priced at $2.16, and a 12% drop would test the $1.9 neckline. Holders may seek alternatives to hedge against losses if the bearish scenario unfolds.
MTAUR: A Safer Bet in Uncertain Market Conditions?
As XRP faces downside risk, Minotaurus (MTAUR) is emerging as an appealing alternative with less price volatility and stronger market positioning in blockchain gaming. Notably, MTAUR is at 0.00010948 USDT with a market cap of 5.6 million USDT, giving it room for faster price appreciation.
MTAUR isn’t just a speculative asset. It’s an integral part of Minotaurus, a Web3 gaming ecosystem that blends casual gameplay with blockchain mechanics. While major altcoins like XRP are subject to heavy market manipulation and speculative volatility, MTAUR’s price movements are driven by ecosystem adoption.
MTAUR offers features like customizable Minotaur characters, an in-game marketplace, special events and mini-games, consumables, and premium cosmetics. It is not reliant on traditional crypto market cycles, making it a potential safe haven in times of uncertainty.
The Bottom Line
While XRP battles to hold $2 and avoid a drop to $1.07, MTAUR remains a strong contender in the altcoin space. With strong utility, a growing gaming ecosystem, and an early-stage market cap, it offers high upside potential with reduced downside risks compared to legacy altcoins like XRP.
You can learn more about MTAUR through the project’s official website.
