XRP technical outlook in trouble: Double top pattern may push it to $1?

2026-01-01 16:40:09

Abstract generation in progress

【Crypto World】XRP seems to have had some action this year—winning the SEC lawsuit and launching a spot ETF, but the price hasn’t really gone up and has actually worsened. It approached $3.66 at the beginning of the year, which looked promising, but it plummeted to $1.58 in October, a decline of over half. Even more painful is that the technicals have broken down, and key support levels have been completely lost.

Trader Peter Brandt pointed out a dangerous signal—the formation of a double top pattern. If this trend continues, it could really push below $1.00. Although some still hope XRP can catch up with Ethereum next year, the current trend looks quite fragile, and future movements should be closely watched.

XRP1,79%

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BloodInStreets

· 5h ago

Winning a lawsuit and entering ETF is just a nerve shot... the price actually halves, a classic case of good news causing a decline. Now, a double top break is a signal; $1 is not a dream, brother, just a nightmare. At this point, those who are shouting to chase Ethereum should really shut up.

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SoliditySurvivor

· 5h ago

Winning the lawsuit is useless; the price still crashes... Is this the fate of XRP?

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BearMarketSurvivor

· 5h ago

Winning lawsuits, going into ETFs, or still falling—this logic is really incredible. Buying all positive news but still losing money.

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BetterLuckyThanSmart