According to U.Today, veteran chart analyst Peter Brandt has issued a concerning forecast for XRP, highlighting a potential decline against Bitcoin. Brandt identified a multi-year complex head-and-shoulders pattern on the XRP/BTC chart, which is a technical indicator often predicting a bearish market shift. He warned that if the chart breaks the lower support line, it could lead to a significant drop in XRP's value from 0.000008 BTC per XRP to 0.0000002 BTC, a 97.5% decrease. Brandt also suggested that such a decline could result in the disappearance of accounts with XRP initials from social media platforms.

In contrast, another prominent analyst, Ali Martinez, provided a more optimistic outlook just two days earlier. Martinez noted that XRP has been consolidating within a symmetrical triangle for the past six years. This pattern, known for indicating a continuation of the current trend, suggests that XRP could experience a bullish breakout if its price exceeds the $0.90 mark. Symmetrical triangles often signal significant price movements, and a breakthrough resistance could lead to a rise in XRP's price.

Amid these conflicting predictions, XRP's price has experienced a decline, losing 8.4% over the past 24 hours. Despite this setback, the token had a strong start to the week, with quotes surging by as much as 11%. Currently, XRP is trading at $0.60, with a 0.63% increase since Monday.