XRP Price Prediction: Peter Brandt Calls Ripple Token a “Top Short Candidate”
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The post XRP Price Prediction: Peter Brandt Calls Ripple Token a “Top Short Candidate” appeared first on Coinpedia Fintech News XRP Price today is in the spotlight, but not for reasons that holders might welcome. The token, closely associated with Ripple, has caught the attention of veteran trader Peter Brandt, who has called it a “top short candidate” amid weakening price momentum. Brandt’s latest analysis suggests XRP may face further decline if a key bearish chart pattern completes in the coming days. XRP Price Breakdown According to Brandt, XRP’s daily chart is forming a descending triangle pattern, a setup often viewed as a bearish signal. The chart shows strong horizontal support near $2.68, a level that has historically triggered significant buying activity. However, the descending upper trendline reflects persistent selling pressure, gradually pushing the price lower. “If XRP closes below $2.68, it would confirm a breakdown from the triangle,” Brandt warned. “That could open the door for a fall toward the $2.20 zone, making XRP one of the most appealing short setups in the current crypto market.” Brandt added that a close below support would confirm the completion of the bearish formation, potentially accelerating downside momentum. Ripple (XRP) Price Momentum Weakens Following a powerful rally in 2023, when XRP surged more than 238%, the token’s 2024 performance has been much more muted, posting a modest 34% gain so far. Despite briefly touching an all-time high of $3.66 in July, XRP has since formed a series of lower highs, signaling declining bullish strength. At the time of writing, XRP trades near $2.79, down over 3% in the last 24 hours. Data from Coinpedia markets shows XRP’s market capitalization now stands at $167 billion, ranking it fifth overall, after recently being overtaken by BNB, which climbed to the third position. Ripple Whale…
Filed under: News - @ October 10, 2025 6:22 am