{"id":42477,"date":"2026-04-30T18:00:04","date_gmt":"2026-04-30T18:00:04","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=42477"},"modified":"2026-04-30T18:00:04","modified_gmt":"2026-04-30T18:00:04","slug":"peter-brandt-puts-xrp-bulls-on-alert-with-new-support-chart","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=42477","title":{"rendered":"Peter Brandt Puts XRP Bulls on Alert With New Support Chart"},"content":{"rendered":"

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\u2019s 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.<\/p>\n

Brandt, posting from @PeterLBrandt account on X, addressed<\/a> the XRP crowd directly. \u201cAttention all Ripplettes,\u201d he wrote. \u201cHow deep into support do you Ripplettes think price could go? XRP. See chart.\u201d<\/p>\n

\"XRP<\/p>\n

What This Means For XRP<\/h2>\n

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\u2019s 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\u2019s a former range-reclaim.<\/p>\n

That $1.55 region also explains why Brandt\u2019s chart is uncomfortable for bulls.<\/a> 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\u2019s 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\u2019s pre-breakout structure.<\/a><\/p>\n

The poll attached to the post made that support map explicit. Brandt offered four choices: \u201cBottom is in,\u201d \u201cSupport at .93xx,\u201d \u201cSupport at .72xx,\u201d and \u201cSlightly above zero.\u201d<\/p>\n

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\u2019s old 2023\u20132024 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.<\/p>\n

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.<\/p>\n

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.<\/p>\n

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\u2019s poll become more relevant because price would remain below the shelf that previously supported the consolidation.<\/p>\n

The poll results showed how split traders were<\/a> on that risk. \u201cBottom is in\u201d had 27% of the vote, \u201cSupport at .72xx\u201d also had 27%, and \u201cSlightly above zero\u201d drew another 27%. The more moderate option, \u201cSupport at .93xx,\u201d 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.<\/p>\n

\"XRP<\/p>","protected":false},"excerpt":{"rendered":"

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\u2019s 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 […]<\/p>\n","protected":false},"author":1,"featured_media":42478,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[51],"tags":[],"class_list":{"0":"post-42477","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-xrp"},"yoast_head":"\nPeter Brandt Puts XRP Bulls on Alert With New Support Chart - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=42477\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Peter Brandt Puts XRP Bulls on Alert With New Support Chart - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"Veteran trader Peter Brandt has shared a weekly chart and asked traders how deep they think XRP could fall into support. 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