- Brandt sees XRP falling to $2.22 if it closes beneath $2.68743 and breaks triangle support.
- Descending triangle forms with lower highs and horizontal support near $2.60, signaling weakening demand.
- Analysts highlight resistance at $3.15 and a potential rally toward $3.60 if support holds.
Veteran trader Peter Brandt released a fresh analysis on XRP that signals a possible steep decline. He states that XRP may fall to $2.22163 if it closes below $2.68743. Brandt highlights a descending triangle pattern forming on the charts that suggests weakening demand.
Brandt’s chart shows a series of lower highs paired with horizontal support near $2.60. That structure hints that buyers are losing strength. He notes that XRP has repeatedly failed to hold above $3 despite multiple retests. The analyst’s warning arises from the risk that the support line breaks and accelerates selling.
Market cap shift underscores XRP’s struggles
Meanwhile XRP lost its spot as the third-largest cryptocurrency by market capitalization. BNB surpassed it after surging to a new high above $1,300. As a result BNB now leads with a market cap of about $178 billion versus XRP’s $177 billion.
Analyst CasiTrades offers a contrasting view. She observes that XRP has held the $3 region for several days and that momentum might build from here. She interprets the current consolidation as a setup for a strong upward wave. Her targets for resistance sit at $4 and $4.50.
On-chain data and traders eye key breakouts
Santiment reports that XRP is showing a rare spike in FUD sentiment. That dynamic often precedes price moves contrary to retail expectations. Crypto analyst Ali Martinez points out that a breakout above $3.15 could trigger a rally up to $3.60. He treats $3.15 as a critical test point.
Brandt’s outlook depends on whether XRP closes below $2.687. A breakdown could push it toward $2.22. Alternatively, a rebound above resistance zones could reignite bullish momentum among traders.
