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Veteran trader Peter Brandt has shared a weekly chart and asked traders how 
deep they think XRP could fall into support. The post matters because Brandt’s 
chart frames XRP not as a clean momentum breakout, but as a market still 
trying to prove that its late-2024 range expansion can hold as support. 
Brandt, posting from @PeterLBrandt account on X, addressed the XRP crowd 
directly. “Attention all Ripplettes,” he wrote. “How deep into support do you 
Ripplettes think price could go? XRP. See chart.” What This Means For XRP The 
chart attached to the post showed XRP/USDT on Binance on a weekly timeframe. 
Brandt marked out a broad structure that begins with XRP’s long base through 
2023 and much of 2024, then the sharp vertical breakout in late 2024, followed 
by a wide consolidation and eventual pullback. The key level near $1.55 
appears to be central to the setup. In technical terms, it’s a former range- 
reclaim. Related Reading: Pundit Shares The Most Important Thing To Remember 
About XRP That $1.55 region also explains why Brandt’s chart is uncomfortable 
for bulls. XRP has already slipped below. Once a market loses a prior range, 
technicians often look for the next areas where buyers previously absorbed 
supply. Brandt’s lower horizontal lines seem to map those zones: one near the 
recent consolidation lows, another around the deeper post-breakout support, 
and then the broader ascending base that defined XRP’s pre-breakout structure. 
The poll attached to the post made that support map explicit. Brandt offered 
four choices: “Bottom is in,” “Support at .93xx,” “Support at .72xx,” and 
“Slightly above zero.” The $0.93 area appears to come from a descending 
trendline which originates at the 2021 high. The $0.72 area is deeper. On the 
weekly chart, it aligns with the ascending trendline of XRP’s old 2023–2024 
base and the rising long-term support line that preceded the late-2024 move. 
In other words, it is not just a random number. It represents a possible full 
retest of the prior breakout structure. The broader pattern Brandt appears to 
be highlighting is a failed or stressed range breakout after a large advance. 
XRP broke out of a long accumulation-style range, rallied aggressively above 
$3, then formed a wide top-like consolidation with multiple failed attempts to 
extend higher. Related Reading: XRP Faces Fragile Setup As Whale Selling Meets 
Retail Buying For XRP bulls, the first answer depends on the $1.55 area. If 
price can reclaim and hold that level on the weekly timeframe, the chart would 
look more like a deep retest of a breakout zone than a full structural 
failure. A reclaim would suggest that buyers are still defending the former 
range boundary and that the market has not fully surrendered the post-breakout 
advance. Without that reclaim, however, the lower support levels in Brandt’s 
poll become more relevant because price would remain below the shelf that 
previously supported the consolidation. The poll results showed how split 
traders were on that risk. “Bottom is in” had 27% of the vote, “Support at 
.72xx” also had 27%, and “Slightly above zero” drew another 27%. The more 
moderate option, “Support at .93xx,” had 19% and was marked as the selected 
choice in the screenshot. At press time, the poll had received 364 votes with 
nearly 12 hours remaining while XRP traded at $1.3941. Featured image created 
with DALL.E, chart from TradingView.com

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