As Ripple ramps up its cross-chain expansion, veteran market analyst Peter Brandt dampens the excitement by expressing pessimism towards XRP's price. A stark contrast between fundamentals and technical analysis arises. Who holds the truth... and what does XRP truly face?
Peter Brandt doesn’t mince words in his analysis. The trader has proven his track record over decades in both traditional and crypto markets. He identifies on the XRP chart what he considers to be a potential double top pattern forming. This technical configuration appears when price tests a resistance level twice without managing to break through it, creating two peaks at approximately the same level.
“I know in advance that all you Riplosts XRP will forever remind me of this post — ask me if I care. This is a potential double top,” Brandt stated on social media. The term “Riplosts” refers to the die-hard XRP supporters, known for their aggressive defense of the project. Brandt is well aware of the reactions his analysis will trigger, but he maintains his technical stance.
The XRP price is indeed consolidating after its late 2024 rally, hovering around critical support levels. Validation of this bearish pattern would require a clear breakdown below the neckline of the double top, which could trigger a wave of algorithmic selling. However, Brandt remains pragmatic: “Sure, it may fail, and I will deal with this if it does. But for now this has bearish implications.”
Facing this pessimistic view, other analysts bring out the heavy artillery of historical data. Steph is Crypto, a recognized analyst in the XRP community, highlights a recurring pattern related to the 50-week simple moving average (SMA 50). According to his research, every time XRP has stayed below this average for 50 to 84 days, an explosive rally has followed.
The numbers speak for themselves: a gain of 211% after 70 days below the SMA 50 in 2017, a 70% increase after 49 days in 2021, and a spectacular 850% surge after 84 days in 2024. XRP has now spent approximately 70 days below its SMA 50, positioning itself precisely within the historical window that preceded these major bullish moves.
This cyclical analysis suggests that what appears to be a bearish formation in isolation could actually correspond to the accumulation phases observed during previous cycles. The divergence in interpretation between Brandt and historical analysts reflects a fundamental debate in trading: should pure technical patterns or recurring market cycles be prioritized? The crypto market, known for its cyclical nature, often tends to repeat similar behavioral patterns.
While chartists debate, Ripple isn’t sitting idle. The company announced on December 16 the expansion of its Ripple USD (RLUSD) stablecoin to several Layer 2 networks: Optimism, Base, Ink, and Unichain. This multichain strategy leverages Wormhole’s Native Token Transfers (NTT) standard to ensure interoperability across different blockchains.
RLUSD benefits from a trust charter granted by the New York State Department of Financial Services (NYDFS), positioning it as one of the most regulated stablecoins on the market. This regulatory recognition is a major asset for attracting traditional financial institutions, particularly after obtaining licenses in Dubai and Abu Dhabi. Ripple has also filed an application for a charter with the U.S. OCC, demonstrating its ambition to become a mainstream player in finance.
The innovation doesn’t stop there: Wormhole confirmed that XRP holders will be able to use wrapped XRP (wXRP) alongside RLUSD as a premier trading and liquidity pair on all supported chains. This synergy between the native token and the stablecoin aims to create a robust liquidity ecosystem, facilitating cross-border payments and institutional DeFi use cases.
On the institutional front, Digital Wealth Partners launched an XRP algorithmic trading strategy for qualified retirement accounts, with custody provided by Anchorage Digital. This service allows high-net-worth investors to access systematic XRP trading within regulated and tax-advantaged structures, marking another step toward integrating XRP into traditional wealth management.
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