Peter Brandt Warns of Bearish XRP Chart: Potential Double Top Identified

Peter Brandt Warns of Bearish XRP Chart

Veteran trader Peter Brandt has highlighted a bearish market structure for XRP, identifying a potential double top on the weekly chart. XRP's price has fallen below the $2 level, with Brandt emphasizing the need for traders to acknowledge and deal with the current setup.

Price Action Details

As of December 20, 2025, XRP is trading at $1.95, marking a 24-hour decline of 3.5%, a 7-day drop of 7.2%, and a 30-day decrease of 12.8%. Key support levels are currently at $1.80 and $2.00, with resistance near $3.5. The 24-hour trading volume stands at $1.2 billion, slightly above the 30-day average of $1.1 billion. XRP's market cap has decreased by $1.5 billion in the last 30 days, now standing at $102 billion.

Driving Factors

Brandt's analysis is based on XRP's recent price action, which has consistently shown bearish behavior since early December. On-chain data from CoinGecko indicates a significant increase in large transactions, suggesting whale activity might be contributing to the downward pressure. Additionally, the lack of positive news catalysts, such as regulatory clarity or new partnerships, has left XRP vulnerable to further declines.

Broader Market Context

Compared to major cryptocurrencies like Bitcoin and Ethereum, XRP's performance has been weaker. Bitcoin has seen a 5% increase over the last 30 days, while Ethereum has risen by 3%. The DeFi sector, as tracked by DefiLlama, shows a total value locked (TVL) of $95 billion, down 2% from last month. The Crypto Fear & Greed Index currently stands at 45, indicating a neutral market sentiment. Analyst sentiment, as reported by The Block, remains cautious about XRP's short-term prospects, with many echoing Brandt's concerns about the bearish chart pattern.

Potential Reversals

Brandt acknowledges that the double top pattern could fail, and a sustained move above $2 would delay any further breakdown. To invalidate the bearish setup, XRP would need to reclaim higher levels at $2.2, $2.5, $2.7, and $3. Until such a reversal occurs, the technical structure suggests continued downside risk for XRP.