Veteran dealer Peter Brandt has doubled down on his bearish XRP prediction. This time, he has listed the altcoin as one of many potential tokens that he might find yourself shorting, suggesting that it might drop to as little as $2.2.
Peter Brandt Lists XRP Amongst Brief Candidates
The veteran dealer remarked that the altcoin is on his record of quick candidates, hinting at a possible quick commerce in anticipation of a worth decline. He added that his shorting the token is conditional upon finishing the descending triangle.
That is on my record of quick candidates $XRP however it’s conditional upon finishing the descending triangle pic.twitter.com/uai84VHLxa
— Peter Brandt (@PeterLBrandt) October 9, 2025
Brandt’s accompanying chart confirmed that he was focusing on an XRP decline to as little as $2.22. As CoinGape reported, the veteran dealer’s evaluation earlier this week confirmed {that a} descending triangle was growing for the altcoin. He added again then {that a} shut above $2.6 might ship XRP tumbling to $2.22.
The bearish forecast for the altcoin comes because it struggles to carry above the psychological degree. XRP rallied yesterday to $2.92 in an try and reclaim $3, however is now witnessing a pullback amid a broader crypto market correction.
In the meantime, as CoinGape reported, whales offloaded 440 million cash over the past month, a improvement indicating weakening demand for the altcoin. This comes regardless of the XRP ETF buzz, which is anticipated to drive new inflows into the token’s ecosystem.
XRP can also be dealing with probably the most quantity of FUD because the Trump tariffs, in response to the on-chain analytics platform Santiment. Nevertheless, the platform claimed that that is bullish as the value at all times strikes in the other way of retail merchants’ expectations.
Technicals Level To A Value Breakout Forward
Crypto analyst CasiTrades remarked that XRP is prepared for a breakout because the technicals look sturdy. She famous that every one latest lows proceed to carry above the macro .5 Fib retracement at $2.79. The analyst added that this degree stays a big help on the macro scale and that every one makes an attempt to interrupt under it have failed up to now.
From an Elliot Wave perspective, CasiTrades admitted that there may very well be one other subwave 2 transfer earlier than a big wave 3 impulsive transfer to the upside kicks in. Nevertheless, she famous that the aim of the consolidation sample is to exhaust the market and confuse merchants.
The analyst believes that the truth that nothing has fallen by means of is technically a bullish signal for XRP. She additionally famous that markets don’t sometimes high throughout consolidation, so it’s most probably the altcoin will see one other wave to a brand new all-time excessive (ATH).
CasiTrades reminded market members that XRP consolidated for seven years earlier than breaking out from $0.50 to $3.66. She added that subwaves are presently getting constricted, which is why extensions are being restricted to $4.50 and $6.50. Nevertheless, the analyst claimed that the macro targets stay between $8 and $13 if the momentum continues sturdy.
