XRP Price Warning: Brandt Eyes 18% Fall to $2.20 if $2.68 Support Breaks
Veteran trader Peter Brandt says XRP could drop to $2.2 if it closes below $2.68. In his latest chart analysis, Brandt points...
Quick overview
- Veteran trader Peter Brandt warns that XRP could drop to $2.2 if it closes below $2.68, indicating weakening demand.
- XRP has struggled to reclaim the $3.00-$3.10 zone, suggesting sellers are currently in control of the market.
- Technical indicators show a bearish trend, with key support levels at $2.81 and $2.70, and a potential drop to $2.22 if these levels are breached.
- Despite Brandt's bearish outlook, some analysts believe XRP could rebound to $4-$4.50 if buying volume increases.
Veteran trader Peter Brandt says XRP could drop to $2.2 if it closes below $2.68. In his latest chart analysis, Brandt points out a descending triangle — a bearish continuation pattern that means demand is weakening. The chart shows XRP making lower highs while holding a horizontal base at $2.6, which means buying strength is fading.
XRP has failed to reclaim the $3.00-$3.10 zone multiple times, which means sellers are in control. Brandt says if the current support gives way, XRP could drop 18% — one of its biggest pullbacks in months.
And to make matters worse, BNB has rallied above $1,300 and its market cap has surpassed XRP’s $177 billion, reshaping the top tier of crypto.
XRP Technical Breakdown Confirms Brandt’s View
As of 02:25 UTC, XRP is trading at $2.85, below the ascending channel that defined its late September rally. This breakdown means a change in market structure with both the 50-EMA ($2.94) and 200-EMA ($2.93) in a bearish crossover — a classic sign of momentum reversal.
Recent candle action supports this view. The three black crows — three consecutive bearish candles — show consistent selling. The former support zone between $2.90-$2.94 has become resistance and the RSI at 33 is oversold but lacks a bullish divergence, which means sellers are in control.
Key support levels are at $2.81 and $2.70. If XRP loses these, it could go to $2.59 or even Brandt’s target of $2.22. If it closes above $2.94, it could trigger short covering and a retest of $3.10.
Contrarian Views: Rebound Signs
While Brandt is bearish, some analysts are optimistic. CasiTrades, a crypto strategist, thinks XRP’s consolidation may be a setup for a “Wave 3” breakout under Elliott Wave Theory and could take prices to $4-$4.50 if buying volume returns.And Ali Martinez says $3.15 is a key pivot — if it breaks above, he says, it could go to $3.60.
Santiment on-chain data shows XRP’s FUD is at its highest since the “Trump tariff” era — a period that has always been followed by a rebound.
XRP Trade Setup:
For traders, a measured approach is key. Wait for a retest of $2.90-$2.94 with a rejection candle (shooting star or bearish engulfing) and you could short toward $2.70-$2.60 with stops above $3.00. A close above $2.94 would invalidate the bearish setup and point to recovery.
Bottom Line:
XRP is at a crossroads — if it loses $2.68, Brandt’s $2.2 call could play out; if it closes above $2.94, it could go to $3.10-$3.60. The next few candles will decide.
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
Save