Legendary analyst Peter Brandt, with 50 years of experience, revealed his prophecy about the XRP price: "It's heading this way."

Experienced trader Peter Brandt published a warning analysis regarding XRP, highlighting the potential for a downward price movement for the coin. Sharing his views on the social media platform X, Brandt signaled a possible dump by identifying a classic head and shoulders (H&S) formation in XRP's price movement.

Brandt noted that XRP is currently locked in a trading range and that the H&S formation has created a significant resistance and support structure. This formation, characterized by three peaks, is considered a technical indicator of a transition from bullish to bearish momentum when the "neckline" support level is breached.

According to Brandt, the neckline is around 1.90 dollars. If XRP drops below this level, the formation predicts a downward target of 1.07 dollars. Elaborating on his outlook, Brandt said:

"I don't want to short above 3 dollars. I don't want to hold below 1.90 dollars. H&S is moving towards 1.07 dollars."

Brandt's chart shows that XRP is fluctuating between a resistance of $2.9990 and a support of $1.9000, with the latest price around $2.45. The projected downward move of $1.0714 is based on the height of a head and shoulders pattern, which is a common methodology in technical analysis.

Acknowledging the controversial nature of his analysis within the XRP community, Brandt stated that his views are entirely data-driven. He responded to potential criticisms by saying, "The messenger suffers no harm." He also clarified his neutral position on the XRP issue:

"To be honest: I don't care what XRP does. If it goes up, I would like to be in a long position. If it gets dumped, I would never short."