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