Veteran dealer Peter Brandt has dropped one other XRP evaluation, through which he revealed what might result in a worth drop to as little as $2.2. This follows the altcoin’s drop within the crypto rankings, with BNB surpassing it to turn out to be the third-largest crypto by market cap.
Peter Brandt Reveals How XRP May Drop To $2.2
In an X put up, the veteran dealer said that the altcoin might drop to $2.22163 if it closes under $2.68743. This got here as he highlighted a basic descending triangle, which was growing for the altcoin.
On the left is a basic descending triangle from Edwards and Magee, exhibiting what descending triangles are speculated to do. On the precise is a growing descending triangle. ONLY IF it closes under 2.68743 (then I’ll be a hater), then it ought to drop to 2.22163. $XRP pic.twitter.com/3GI7nT1TaW
— Peter Brandt (@PeterLBrandt) October 7, 2025
His accompanying chart confirmed how XRP has been forming a sequence of decrease highs with a horizontal assist line at round $2.6, indicating a weakening demand for the altcoin. The altcoin has notably failed to carry above the $3 stage regardless of a number of retests and now appears vulnerable to a possible worth breakdown, as Brant warned.
Amid the battle to carry above $3, XRP has misplaced its place because the third-largest crypto by market following the BNB worth rally to a brand new all-time excessive (ATH) above $1,300. BNB now has a market cap of round $178 billion, whereas XRP boasts a market cap of $177 billion.
The Bullish Outlook For The Altcoin
Then again, crypto analysts like CasiTrades have offered a extra optimistic outlook for XRP. She famous that the altcoin’s worth has revered the $3 zone for a number of days and that momentum is regularly constructing.
🚀XRP Testing Main $3 Fib Help! 🚀
XRP is beginning the week with some very encouraging technicals. The strongest proper now’s XRP holding the $3 main Fib assist and forming a consolidation sample with this stage because the apex. 🎯Value has revered this zone for a number of days,… pic.twitter.com/NVVrfb2QBs
— CasiTrades 🔥 (@CasiTrades) October 6, 2025
The analyst added that consolidation like this usually units up a high-probability breakout. CasiTrades believes that this assist will proceed to carry and enhance the chance of the market getting into a Wave 3 up. She declared that the subsequent wave could possibly be sharper and longer than what market individuals have seen in latest months.
As CoinGape earlier reported, on-chain analytics platform Santiment said that XRP is flashing a purchase sign. The platform defined that the altcoin is seeing its highest stage of FUD because the Trump tariffs, which is usually a “promising purchase sign” as costs transfer reverse to retail’s expectations.
Crypto analyst Ali Martinez said that XRP was dealing with a serious check at $3.15. Nevertheless, a breakout from that stage might set off a rally to $3.60. In the meantime, CasiTrades highlighted $4 and $4.50 as the key resistance targets trying forward.
