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.
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.
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.
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.
