Peter Brandt Analyzes Current XRP Price Trend. Here’s What to Expect

A recent post by veteran trader Peter Brandt compared XRP’s price action to a historic chart from the book Technical Analysis of Stock Trends by Edwards and ￰0￱ his chart, Brandt placed XRP’s current daily price movement alongside the 1946 Revere Copper & Brass chart, a classic example often cited for illustrating descending triangle ￰1￱ post quickly became a reference point for traders analyzing XRP’s next possible ￰2￱ comparison highlights that XRP has been consolidating in a descending triangle since July, after hitting its all-time ￰3￱ has formed at progressively lower highs, and support has built near the $2.69 ￰4￱ Brandt noted the structural similarity, his comment also came with caution, noting that closing below $2.68743 would send the asset down to $2.22163.

On the left is a classic descending triangle from Edwards and Magee, showing what descending triangles are supposed to ￰5￱ the right is a developing descending ￰6￱ IF it closes below 2.68743 (then I'll be a hater), then it should drop to 2.22163. $XRP ￰7￱ — Peter Brandt (@PeterLBrandt) October 7, 2025 Key Technical Level to Watch Descending triangles typically indicate that sellers are gradually gaining control, but they can resolve in either direction until a confirmed breakout ￰8￱ this case, Brandt’s chart reveals the lower boundary of the formation at about $2.69, which he considers a critical support line. A sustained close beneath this support would be a technical breakdown and could trigger the projected move toward $2.22.

Despite identifying downside risk , the setup does not guarantee a decline. A decisive rebound above the descending trendline that caps the recent lower highs would suggest renewed strength, with the potential for XRP to resume its previous ￰9￱ are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Why the Comparison Matters Edwards and Magee’s original Revere Copper & Brass chart is considered a classic teaching example in technical analysis ￰10￱ referencing it, Brandt signaled that XRP’s chart structure shares recognizable traits with patterns that analysts have studied for ￰11￱ comparison is constructive because it places the cryptocurrency within the framework of time-tested chart ￰12￱ historical parallel has encouraged market participants to view the setup as one that could lead to a significant directional ￰13￱ has been trading near $3, hovering just below the descending trendline resistance that has constrained its price for ￰14￱ coin’s performance during upcoming sessions will likely determine whether the descending triangle resolves in favor of the bulls or ￰15￱ examples provide context and help traders anticipate potential reactions at key price ￰16￱ the chart suggests vigilance, it also shows that XRP remains in a technical formation that could break upward if buyers regain ￰17￱ : This content is meant to inform and should not be considered financial ￰18￱ views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s ￰19￱ are advised to conduct thorough research before making any investment ￰20￱ action taken by the reader is strictly at their own ￰21￱ Tabloid is not responsible for any financial ￰22￱ us on X , Facebook , Telegram , and Google News