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Veteran analyst Peter Brandt has issued a bearish outlook for Ripple’s XRP token, warning of a possible 50% drop.
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The analyst cites a head-and-shoulders pattern forming on XRP’s chart, suggesting a trend reversal could be imminent.
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Meanwhile, Ripple CEO Brad Garlinghouse confirmed the crypto payment company has no plans to go public in 2025.
Peter Brandt warns of potential 50% drop in XRP as Ripple’s CEO denies IPO plans for 2025, amid shifting market dynamics and regulatory landscapes.
Cautionary Outlook for XRP Despite Recent Surge
The first scenario places XRP’s market cap around $116.67 billion, while the second offers a more bearish outlook of just above $60 billion.
Essentially, both figures imply a decline from XRP’s current valuation of roughly $2.09 per token at a market capitalization of $121 billion.
Brandt’s analysis is based on a technical pattern he previously identified on XRP’s price chart.
According to him, the formation resembles a classic head-and-shoulders setup—a pattern that often signals a trend reversal. If this plays out, XRP could fall as low as $1.07.
He added that a move below $1.90 would confirm the pattern and likely trigger a steep correction of more than 50%. However, a break above $3 could invalidate the bearish outlook.
“XRP is forming a textbook H&S pattern. So, we are now range bound. Above 3.000 I would not want to be short. Below 1.9 I would not want to own it,” Brandt explained.
This cautious forecast follows a remarkable surge in XRP’s price since late 2024.
Following Donald Trump’s return to the White House, the token rallied over 300%, reaching a high of $3.28 before pulling back to its current level.
This price performance has led many investors to believe that the Trump administration’s friendlier stance toward digital assets could help the asset continue its rally.
One major catalyst was the Securities and Exchange Commission’s (SEC) decision to drop several lawsuits against crypto companies, including Ripple.
That shift reduced regulatory uncertainty and sparked renewed interest in XRP, culminating in the launch of exchange-traded funds (ETFs) focused on the product.
Adding to the momentum, Ripple launched its own stablecoin, RLUSD, aiming to tap into a growing segment of the digital asset market.
Still, Brandt’s warning suggests that XRP’s recent rally may not be sustainable if bearish pressure intensifies.
Ripple Not Rushing Into IPO Despite Industry Trend
Amid renewed attention on XRP’s performance, Ripple CEO Brad Garlinghouse has addressed growing speculation about the company going public.
In a recent video shared on X, Garlinghouse made it clear that Ripple does not plan to file for an IPO in 2025.
He emphasized that the company is not actively seeking external funding because it remains financially stable and is prioritizing product development and business expansion.
“Will we IPO in 2025? I think that’s a definitive no…We’ve said there’s no imminent plans to go public,” Garlinghouse stated.
While the company isn’t moving forward with an IPO this year, Garlinghouse didn’t completely close the door.
He noted that Ripple is evaluating whether going public would benefit the business in the long run. However, such a move isn’t a current priority.
“You have to ask yourself, okay, how does Ripple benefit from being a public company? And is it a high priority for us?” he said.
Moreover, Garlinghouse also hinted that the regulatory landscape—especially under new leadership at the SEC—could influence Ripple’s future decisions.
His comments come as several crypto firms, including Kraken and Circle, reportedly prepare for IPOs. For now, though, Ripple appears comfortable staying private until conditions become more favorable.
Conclusion
In summary, while XRP has experienced significant recent gains, experts like Peter Brandt caution investors about potential declines. The bearish technical signals combined with Ripple’s strategic focus on stability and product development reflect a cautious but strategic approach in the evolving cryptocurrency landscape.
