XRP Faces Potential 20% Drop, Says Veteran Trader Peter Brandt

[etfs]

Altcoin market cap hit $1.19T, but XRP may be in for turbulence. Veteran trader Peter Brandt spotted a descending triangle on XRP’s chart, signaling a potential downtrend.

Brandt warns: if XRP closes below $2.687, it could drop toward $2.22, representing a 20%+ decline from current levels (~$2.85).

With sentiment at a six-month low and mid-tier holders selling, volatility could intensify in October.

[Abdul Khan]

Peter Brandt’s analysis often hits the mark, but XRP has surprised traders before. Key support levels will determine if this drop actually plays out.

[Nahid Hossen]

A 20% correction wouldn’t be shocking given the recent rally. Smart traders are probably already setting stop-loss zones to stay safe.