Peter Brandt’s Chart Raises Concerns for XRP Support Levels
- Veteran trader Peter Brandt shared a chart indicating potential support levels for XRP.
- Brandt’s chart shows XRP’s key level near $1.55, which it has fallen below.
- A poll on potential support levels showed traders split, with options ranging from $0.72 to slightly above zero.
- The poll had received votes from over 364 participants, with “Bottom is in,” “Support at .72xx,” and “Slightly above zero” each receiving around a quarter of the votes.
Peter Brandt’s analysis suggests that XRP is struggling to maintain its breakout level near $1.55, raising concerns about further declines into lower support zones identified in his chart.
With traders divided on the next possible support level, the outcome will hinge on whether XRP can reclaim and hold its previous range boundary at $1.55 or fall further into deeper support areas like $0.72 or even lower levels as indicated by the poll results.
