Share this article
XRP Nears Topping Pattern That Could Lead to a Downtrend, Establishing $1.07 as Support: Technical Analysis
A breakdown of the topping pattern could potentially halve prices to $1.07.
Updated Apr 3, 2025, 3:52 p.m. Published Apr 3, 2025, 5:34 a.m.
What to know:
- XRP trades close to key support for confirming a head-and-shoulders topping pattern.
- A breakdown could signal a shift from a bullish to a bearish trend, potentially halving the price to $1.07.
- Bulls need to push XRP above $3 to overcome the lower high set in early March.
Tariffs-led risk-off has payments-focused cryptocurrency XRP trading close to the support zone near $2, a crucial level for confirming a significant topping pattern and renewed downtrend.
We are referring to the head-and-shoulders pattern, comprising three peaks, with the middle being the highest. A horizontal line drawn from the base of the three peaks, the neckline, marks the key demand zone.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
In XRP's case, the $1.90-$2 range has been that demand zone since January. So, a price move below the same would trigger the H&S breakdown, confirming a bullish-to-bearish trend change.
A potential breakdown could see prices nearly halve to $1.07, according to veteran analyst and trader Peter Brandt. Chart analysts identify targets using the measure move method, which involves determining the distance from the top of the head to the neckline and subtracting that distance from the breakdown point, in this case, $2.
On the higher side, $3, or the lower high created in early March, is the level to beat for the bulls.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Zcash Floats Dynamic Fee Plan to Ensure Users Won’t Be Priced Out
ZEC zoomed 12% amid the fee discussion, beating gains across all major tokens.
What to know:
- A new proposal by Shielded Labs suggests a dynamic fee market for Zcash to address rising transaction costs and network congestion.
- The proposed system uses a median fee per action observed over the prior 50 blocks, with a priority lane for high-demand periods.
- The changes aim to maintain Zcash's privacy features while avoiding complex protocol redesigns.
Top Stories
