XRP traders may be in for further losses equally one trader warned that a bearish price feature was nonetheless to complete its bear upon on the market.

In a tweet on Feb. 20, Peter Brandt, well known as a trader of both cryptocurrency and traditional assets, said that a "head and shoulders" design in XRP/USD this calendar month had the potential to send prices lower.

Brandt: "possibility" XRP goes to $0.xx

XRP reached highs of almost $0.35 in recent days but after fell conspicuously to press-time levels of close to $0.27.

Brandt summarized:

"It will exist interesting to see if this H&S top plays out. If so, the target would be 2071."

The blueprint played out over the course of February, with XRP/USD reaching $0.28 on Feb. nine, then falling briefly before climbing to the $0.35 highs on Feb. xv. After another dip, a fresh surge higher up $0.30 occurred on Wednesday this calendar week.

Brandt added that he was non predicting XRP's future, rather that the potential 25% losses were a "possibility."

Ethereum "holding very well"

Brandt as well shared brief but encouraging comments on the largest altcoin, Ether (ETH).

"It is holding very well," he tweeted.

On the topic of Bitcoin (BTC), Brandt has still to add to his already bullish opinion. In an interview with Cointelegraph in January, he stated that BTC/USD would not return to $6,000 or lower, as "weak hands" were no longer in the game.

Bitcoin later on striking multi-month highs of $ten,500, before similarly retracing its progress. On Wednesday, a sudden dive of 8% in minutes ruffled feathers amid traders, with its exact cause still a matter of speculation.