Peter Brandt indicates that XRP, currently valued in the market at approximately 121 billion USD, is showing signs of forming a head-and-shoulders pattern. This could either lead to an aggressive rise or a sharp decline.

The trader highlights the importance of a decisive break above 3 USD for XRP. Failure to do so may result in a drop to 1.07 USD, potentially erasing close to 60 billion USD from its current market cap.