In an insightful update shared on X, seasoned market analyst Peter Brandt provided a concerning technical forecast for XRP/USDT. He identified a classic Head and Shoulders (H&S) pattern forming on the daily chart, which suggests a potential price retracement toward the $1.07 zone. Brandt’s analysis covers XRP daily bars from mid-October through late March on Binance. This pattern could indicate bearish trends ahead, making it crucial for traders to stay vigilant.