Double Top Chart Pattern Signals XRP Could Test Below $1 Again

XRP traders are facing a critical technical moment. The cryptocurrency has just broken through a support level that typically separates healthy uptrends from deeper selloffs. Multiple seasoned analysts now share a concerning view: the current structure looks vulnerable to a significant decline. This convergence of bearish signals raises a question that crypto investors have asked before—could Ripple really plunge back below $1 in the months ahead?

The latest XRP price action sits at $1.35 as of late February 2026, down 4.37% over the past day. While the coin remains above the psychological $1 level for now, the technical setup suggests this floor may not hold.

Multiple Analysts Flag A Double Top Pattern Forming On XRP

Peter Brandt, a veteran technical analyst with a proven track record of calling major crypto moves, recently highlighted a critical formation on XRP charts. He identified a double top pattern that emerged in late 2025—a classic reversal signal that occurs when price rallies to a peak, pulls back, and then tests that same high but fails to break through.

“Once support breaks under the middle low, the chart often points lower,” Brandt noted in his analysis. What makes his warning carry weight is his history. Brandt has successfully predicted major XRP selloffs in the past, giving his current bearish stance legitimate credibility within the trading community.

The significance of this double top chart pattern lies in its structural integrity. When this reversal formation completes—meaning the price breaks decisively below the swing low between the two peaks—technical traders typically prepare for sustained downside. Brandt’s analysis suggests that very scenario may now be unfolding.

Levi, host of a popular crypto analysis YouTube channel, walked viewers through why they should take this double top pattern seriously, even if the message feels uncomfortable to hold.

The 100-Week Moving Average Breach Opens Door To Deeper Losses

Beyond the double top setup, XRP has now broken below the 100-week moving average—an orange line that has historically separated bull market strength from bear market weakness across multiple cycles.

This technical breakdown carries historical weight. The last time XRP broke below this same moving average was in April 2022, during the previous bear market. What happened next proved painful: XRP fell approximately 50% from the breakdown area before a cycle bottom finally emerged. The coin dropped from roughly $0.67 down to $0.32 during that period.

Applying the same 50% decline metric to today’s XRP price would place Ripple well below $1. Brandt highlighted a worst-case scenario near $0.86 if the April 2022 analog plays out again. While this level is not guaranteed, it represents a plausible outcome based on how historical cycles have unfolded.

The loss of the 100-week moving average is particularly significant because it removes a structural support that has held during previous uptrends. Once this long-term trend guide breaks, the chart framework shifts from protective to permissive for further downside.

Trader Consensus Points To A Sub-$1 Reversal Zone

The bearish case gains additional credibility when other traders independently converge on similar price targets. JD, another trader whose calls have proven reliable through multiple XRP moves—including an accurate rally setup call in early 2025—recently posted a crash target near $1.11. More importantly, JD now highlights a “pink box” zone sitting below $1 as a potential reversal area.

Levi agrees that the sub-$1 region looks plausible if the current downtrend accelerates. He identified a working range between $0.75 and $0.90 for a potential bottom area, with $0.85 to $0.86 standing out as particularly significant levels that align with his moving average framework.

This convergence of multiple analysts on similar price targets—even without direct coordination—suggests the technical setup may warrant serious attention. When experienced traders independently identify the same support zone, the probability of that level acting as a reversal point increases.

Macro Catalysts Could Trigger Forced Liquidations

Technical patterns alone don’t move markets. Levi points to broader macro pressures that could accelerate XRP’s downside. He highlights escalating geopolitical tensions involving Iran and the United States, along with tariff disputes connected to Trump era trade policy rhetoric.

These factors matter because they can trigger forced selling waves across crypto markets. When institutional positions face margin pressure or retail traders liquidate for risk management, entire asset classes can see sudden drawdowns that compound technical breakdowns. Macro uncertainty has historically acted as a catalyst for broad crypto liquidation events.

Looking Beyond The Washout: A Path To Recovery

The bearish scenario does not represent a permanent price floor. Levi outlined what could mark a genuine reversal after a deep washout. Federal Reserve rate cuts and renewed liquidity injections could support a slower recovery phase for XRP price once the capitulation phase completes.

The timing remains uncertain, but the underlying logic focuses on historical liquidity cycles and how they have influenced risk assets. After sufficient weakness clears out weak holders, improved monetary conditions could support a new uptrend.

For now, however, XRP traders face the immediate technical question: how far will the current breakdown extend before finding a durable floor? The double top chart pattern and the 100-week moving average breach suggest that answer may involve testing price levels not seen in recent years.