Peter Brandt Warns XRP Could Drop to $2.2 Amid Market Weakness

Veteran trader Peter Brandt has issued a fresh bearish outlook on XRP, predicting a possible price fall to $2.22163 if the cryptocurrency closes below $2.68743. In a recent post on X (formerly Twitter), Brandt highlighted a descending triangle pattern on XRP’s chart—a classic bearish formation that signals weakening demand and the potential for a price breakdown.

Brandt’s chart showed XRP forming lower highs alongside a strong horizontal support line near $2.6. Despite multiple attempts, the altcoin has failed to stay above the $3 level, indicating diminishing momentum. This technical weakness has coincided with BNB surpassing XRP to become the third-largest cryptocurrency by market cap, following BNB’s rally to a new all-time high (ATH) above $1,300. Currently, BNB’s market capitalization stands at $178 billion, slightly ahead of XRP’s $177 billion.

While Brandt’s analysis leans bearish, some analysts maintain a more optimistic outlook. Crypto trader CasiTrades noted that XRP’s recent consolidation around the $3 zone could precede a bullish breakout, suggesting the market may be preparing for a Wave 3 rally—a stronger upward move in the Elliott Wave sequence. She identified $4 and $4.50 as the next major resistance zones to watch.

Additionally, on-chain analytics platform Santiment reported that XRP is showing a “buy signal”, citing its highest levels of FUD (fear, uncertainty, and doubt) since the Trump tariffs—conditions that often precede a price rebound. Analyst Ali Martinez also emphasized that a break above $3.15 could propel XRP toward $3.60.

Despite the current uncertainty, XRP’s consolidation phase suggests that the market is at a critical juncture—either confirming Brandt’s bearish triangle or validating bullish expectations for a renewed uptrend.