TLDR
- Peter Brandt warned that the XRP price could fall to $2.2 if it closes below the $2.68 support level.
- He identified a descending triangle pattern indicating weakening demand and a possible bearish breakdown.
- XRP has failed to hold above the $3 mark despite multiple retests and now faces increased selling pressure.
- Analyst CasiTrades believes XRP is consolidating near $3 and expects a potential breakout to higher resistance levels.
- Ali Martinez stated that a breakout above $3.15 could push the XRP price toward $3.60 in the near term.
XRP price risks a sharp fall as veteran trader Peter Brandt highlights a descending triangle pattern. He warned that a close below $2.68743 could trigger a drop to $2.22163. This warning comes after XRP’s decline in crypto rankings, overtaken by BNB in market capitalization.
XRP Under Pressure as Brandt Warns of Breakdown
Peter Brandt shared a chart suggesting XRP price could fall if it closes below a crucial support level. The chart showed a descending triangle, characterized by lower highs and horizontal support at around $2.6. According to Brandt, “If $2.68743 fails, the downside target is $2.22163.”
This bearish structure reflects weakening demand as XRP fails to maintain its hold above $3. Despite multiple retests of the $3 mark, XRP continues to lose momentum. Traders now watch for confirmation of a breakdown if the support collapses.
Brandt’s analysis gained attention as XRP slipped in global crypto rankings. BNB’s rally pushed XRP down to the fourth spot. The technical setup now puts pressure on bulls to defend current levels.
XRP Price Faces Resistance Amid Bullish Counter Views
While Brandt issues a warning, other analysts offer a more bullish perspective on XRP price action. CasiTrades noted that XRP has maintained the $3 level for several days. She said,
“Momentum is slowly building, and consolidation like this often precedes strong breakouts.”
Her analysis suggests that the ongoing consolidation might lead to a Wave 3 move upward. If that happens, the XRP price could break above recent highs. She identified $4 and $4.50 as future resistance levels.
Crypto analyst Ali Martinez also noted a key level to watch. He believes that a breakout above $3.15 could trigger a rally to $3.60. These bullish projections contrast sharply with Brandt’s bearish triangle.
XRP Market Sentiment and On-Chain Signals Strengthen
On-chain platform Santiment added a new angle to the XRP price discussion. It reported that XRP is currently flashing a buy signal based on sentiment data. The firm stated, “FUD levels are highest since Trump tariffs, often a bullish signal.”
The report emphasized how crowd fear can trigger unexpected price rebounds. If market sentiment reverses, the XRP price may recover despite bearish technical indicators. The current market cap stands at nearly $177 billion, slightly trailing BNB’s $178 billion.
While XRP price holds above $2.6, pressure remains high. The market now awaits a decisive move, either above $3.15 or below $2.68743.
