An analysis says XRP is hitting a technical turning point in the $1.50 to $1.55 range.

The Crypto Basic, a blockchain outlet, reported on Sunday that veteran trader Peter Brandt (피터 브랜트) pointed to signs on a recent weekly chart that XRP could be forming an inverse head-and-shoulders pattern around a $1.52 neckline.

Brandt has remained sceptical about XRP's fundamental value, but said this time the chart alone gives reason to consider a trade. He said investors do not need to become crypto cult believers and that the chart alone can be used to assess investment value.

The level drawing attention in the market is the $1.50 to $1.55 range. Brandt said the three recent lows he marked correspond to a shoulder-head-shoulder structure, meaning that band is acting as the neckline of an inverse head-and-shoulders pattern. XRP has not yet clearly broken above the area.

The latest weekly candle opened at $1.4102, rose to $1.6569 and, after a 7.89 percent gain, stood near $1.5214. On a technical calculation, applying the difference between the head area in the $0.95 to $1.00 range and the neckline near $1.52 produces a measured move in the $2.05 to $2.10 range if the pattern is confirmed.

Brandt's chart also includes XRP's long-term trend, not just the short-term setup. XRP formed a structure between 2014 and 2017 in which a falling resistance line and a rising support line converged, then broke higher in the market expansion phase in 2017. After the 2018 peak, a larger converging structure formed.

XRP then entered a broad box range with an upper boundary near $3.30 to $3.40. More recently, a pullback emerged toward the lower end of the post-breakout range, and a smaller inverse head-and-shoulders setup stood out within it. As a result, the $1.50 to $1.55 band has taken on dual meaning as a short-term neckline and a horizontal resistance line where XRP is trying to recover after a 2026 decline.

Auxiliary indicators were also presented. The average directional index, or ADX, shown on the chart is 28.74 and indicates trend strength regardless of whether prices are rising or falling. ADX above 25 is generally interpreted as a clear trend. The average true range, or ATR, is 0.2369, about 15.6 percent of the reference price of $1.5214. That indicates weekly volatility remains high.

In a recent interview, Brandt also treated XRP's utility and asset valuation as separate issues. He said XRP can be used effectively for transactions at low cost, but argued that functionality as a means of transaction does not directly translate into high asset value. He also said XRP's role as a transaction tool differs in nature from bitcoin's role as a store of value or ethereum's role in supporting an application ecosystem.

The focus of these remarks is ultimately on technical trade judgement, not fundamentals. Brandt did not claim the chart proves XRP's intrinsic value, but said the current price structure alone could be reason to consider a trade. He has previously offered a separate view that XRP could rise to $5.40 over the long term, but did not specify a timeline or say whether he would actually enter a position at the time.

The key point to watch is clear. If XRP settles into a trend above the $1.50 to $1.55 band, the likelihood of confirming the inverse head-and-shoulders pattern increases. If it fails to hold the area, XRP will continue a corrective phase within a larger box range.

It is not necessary to be a certified cult member to be an interested owner of a crypto $XRP The charts alone have always been enough reason for us to make a bet There is a difference between being open minded and having a hole in the dead pic.twitter.com/YAnP0GGBBV