XRP forms a double top pattern? Brent warns of a risk at $0.50, with $2.00 being a key level

【Crypto World】Many traders in the market are watching the trend of XRP. Renowned commodity trader Peter Brandt recently commented that XRP might form a double top pattern — a somewhat bearish signal. In simple terms, the price is approaching a key support level, and if it breaks below, the market could shift from bullish to bearish, with a potential decline to around $0.50.

But don’t rush to be bearish. Brandt also pointed out a reversal condition: although the weekly chart has already broken the neckline, if the price can rebound back above $2.00, the double top pattern will be invalidated. In other words, there is still room for action, and further observation is needed. So the key point is whether the $2.00 level can hold.