XRP breaks through $2.1 Experts analyze potential doubling or big dump risks

The Ripple XRP has reached a key level in the coin market, which could signal a stronger Rebound or potential fall. Renowned analyst Peter Brandt stated that XRP's weekly chart is on the edge of forming a potential head and shoulders pattern. Brandt added that a fall below $1.8 could be a warning signal. According to Brandt, if his prediction comes true, the potential fall target could be as low as $0.05, a decrease of over 77%. However, the altcoin has risen by 8%, trading at $2.1, indicating that it has not yet reached Brandt's marked $1.8 risk level.

"We believe XRP will double" The above outlook for fall is opposite to Canary Capital's double growth forecast. Canary's CEO, Steven McClurg, stated in an interview in April that the long-term outlook for XRP remains optimistic. For reference, XRP outperformed Bitcoin [XRP] at the end of last year, with a rise of over 400%. Therefore, it is not surprising to see a similar trend to BTC. However, as of 2025, XRP's performance lags behind BTC, falling more than 40% compared to this leading coin.

However, the price trend is not smooth sailing. According to the cost basis data of the data platform, $2.2 marks the average acquisition price of nearly 2 billion XRP. If holders choose to break even at this point, resistance could quickly build up. The next major supply area is between $2.3 and $2.4, where over 1 billion XRP was purchased. Meanwhile, XRP was trading at $2.19 at the time of writing, with no signs of overheating or selling, despite a large supply near this level.

Profit taking has eased 3 times. So, has the selling pressure disappeared? Here is an encouraging turn: Despite the imminent supply zone, profit taking has greatly eased. According to data platform, the profit taking rate of XRP was about 151 million US dollars per day in mid-June. However, the selling pressure has eased to 47 million US dollars, nearly 3 times lower. This indicates that XRP has the potential to prolong recovery in the weak selling.

On the one hand: Brandt warns that a significant fall may occur if $1.8 is breached. On the other hand, Canary calls for a breakthrough and potential doubling. But in between is $2.2. Whether this level is broken or held may determine which prediction is realized first.