Trader Peter Brandt says XRP appears to have formed a bearish double-top after failing twice to close above resistance and recently violating the neckline. A confirmed weekly close below the neckline would signal a trend reversal with a measured target around $0.50. Brandt also noted a small downward-sloping trendline on the second peak (increased seller aggression). A move back above $2.00 would invalidate the pattern and could be a bear trap. His read is currently bearish.

Summary facts: XRP failed twice to close above resistance, the neckline was recently violated, a weekly close below the neckline would confirm a trend reversal, Brandt cites a measured target near $0.50 and says a move above $2.00 would invalidate the pattern; he notes increased seller aggression on the second peak. These facts support a bearish sentiment and moderate market impact for traders.