Veteran cryptocurrency trader Peter Brandt has issued a concerning analysis of XRP’s future price trajectory, identifying key resistance levels that could significantly impact the asset’s next move. Brandt suggests that if XRP fails to break past the crucial $3 resistance level, the price may drop sharply toward the support level of $1.07. Conversely, if XRP manages to surpass this pivotal threshold, it would potentially invalidate this bearish outlook and pave the way for further upside movement. 2024 veteran investor Peter Brandt has publicly shared this analysis, highlighting that his view hinges on a complex head-and-shoulders pattern observed in XRP’s price structure. His findings suggest that if XRP fails to clear the $3 mark, it could signal a significant downward trend towards the $1.07 support level, but a successful breakout above this level could open doors for further gains.