Peter Brandt: Hey XRP Trolls. Target Reached. Profits Taken

The cryptocurrency market often moves in unpredictable ways, but for traders who rely on technical analysis, patterns can provide a warning before a shift. XRP’s sharp decline over 24 hours gave renewed attention to one of those patterns after veteran market analyst Peter Brandt reaffirmed his bearish stance on the digital asset. Brandt, known for his decades of market experience and use of classical charting principles, recently shared a post showing an updated XRP ￰0￱ image showed a descending triangle pattern, which is typically viewed as a continuation pattern that signals downside risk when prices fail to hold ￰1￱ statement followed his earlier observation that he would short XRP due to the formation of the descending ￰2￱ then, the market has moved in line with that ￰3￱ fell more than 13% within the last day, trading near $2.42 at the time of writing, and Brandt called out members of the XRP community who attacked him after he shared his initial ￰4￱ XRP trolls Target ￰5￱ taken While you such gas ￰6￱ — Peter Brandt (@PeterLBrandt) October 10, 2025 Technical Breakdown Confirms Brandt’s Warning The chart Brandt posted illustrates how XRP had been consolidating within a tightening range since it fell from its all-time high in ￰7￱ tests of the lower horizontal boundary near $2.69 preceded a decisive break below that level, confirming the bearish setup he had warned ￰8￱ are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 The daily chart, marked by descending highs and stable lows, indicated waning momentum over several ￰9￱ averages reflected a gradual loss of short-term strength, and the price recently slipped under both the 8-day and 18-day ￰10￱ has also seen a volume ￰11￱ surged almost 280% within 24 hours, signaling strong selling ￰12￱ also hit a low point of $1.9, dipping below $2 for the first time since ￰13￱ it has recovered slightly, the overall trend mirrors the downturn faced by the entire crypto market, suggesting the digital asset might have a difficult time regaining these ￰14￱ Ahead for XRP Following the breakdown, XRP will likely need to reclaim the $2.69 to $2.80 range to restore bullish ￰15￱ that occurs, many traders may treat recent support levels as potential ￰16￱ the pullback, long-term holders continue to monitor whether the token can maintain stability above $2.2.

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