The post Peter Brandt Outlines The Conditions For a 20% XRP Price Drop appeared on BitcoinEthereumNews.com.

As the altcoin market capitalization (TOTAL2) recently hit a new all-time high of $1.19 trillion, veteran trader Peter Brandt, who has over 40 years of experience, shared his latest prediction for XRP, one of the most closely watched altcoins among investors. Various on-chain and sentiment data support his analysis, helping investors assess both risks and opportunities in October. Sponsored Sponsored XRP’s Price Structure Suggests a Possible Sharp Correction In a recent analysis on X (formerly Twitter), Brandt identified a classic descending triangle pattern on the XRP chart. The formation, referenced from Edwards and Magee’s technical analysis textbook, typically signals a downtrend continuation. XRP Price Prediction. Source: Peter Brandt. Although the pattern is bearish, Brandt maintained a cautious tone. He avoided making absolute statements but pointed out a specific condition that could confirm a deeper decline. “On the right is a developing descending triangle. ONLY IF it closes below 2.68743 (then I’ll be a hater), then it should drop to 2.22163,” Brandt stated. At press time, XRP is trading around $2.85. This means a 6% drop from its current level could trigger a potential decline of more than 20%. Brandt’s prediction comes as XRP faces several negative signals from the broader market. According to data from Santiment, negative sentiment toward XRP has reached its highest level in six months. However, using contrarian reasoning, Santiment argued that such strong negative sentiment might indicate a potential rebound, based on XRP’s historical price recoveries. Sponsored Sponsored Still, another overlooked factor is the decline in Google search interest for XRP. Data from Google Trends shows that XRP searches hit a three-month low in late September and are now below 25 points. XRP Search Trends. Source: Google Trends. The combination of bearish sentiment data from Santiment and declining search interest could make Brandt’s downside condition more…

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Filed under: News - @ October 8, 2025 7:26 am