Veteran Trader Brandt Issues Warning: “XRP Chart Very Negative”

Peter Brandt, a trader with nearly five decades of experience in global financial markets, published an analysis of XRP that he described as “potentially very negative.” In his accompanying statement, Brandt explained that he shares what he observes without bias, noting that he often holds strong opinions that are “always weakly held.” He also remarked that he is as wrong as he is right and concluded that if traders take offense at his analysis, that is their own ￰0￱ chart shared by Brandt shows XRP against USDT on Binance , plotted with daily ￰1￱ technical structure displayed highlights a descending formation with a support level marked at approximately $2.78.

His analysis suggests that this level is crucial to monitor, as its loss could signal further downside pressure. I post what I see. I assume strong opinions — always weakly held. I am wrong as often as I am ￰2￱ you are offended by my charts, then that is your problem The chart of XRP is potentially very negative ￰3￱ — Peter Brandt (@PeterLBrandt) August 29, 2025 Market interpretation from other traders Brandt’s post generated additional interpretations from market ￰4￱ X user, Dies Zero, remarked that the XRP chart is giving off a “clear warning.” According to his reading, the structure resembles a descending triangle, with the $2.78 region acting as the critical line in the ￰5￱ noted that a breakdown below this level could open the way for a sharper ￰6￱ added that while a bounce is possible, momentum is currently fading, and unless buyers enter the market decisively, the overall setup appears ￰7￱ Zero concluded by emphasizing the principle of trading the chart rather than relying on ￰8￱ X user, ALTucard, responded to the analysis by pointing out the significance of Brandt’s ￰9￱ suggested that when an experienced market figure of Brandt’s stature issues a negative view on a chart, it is worth taking ￰10￱ also highlighted Brandt’s comment about holding strong but flexible opinions, calling it “the most pro advice you can get on this app.” He further remarked that Brandt’s bearish take is likely to cause disappointment among sections of the XRP ￰11￱ are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Technical structure and implications The chart presented by Brandt indicates XRP consolidating after a sharp advance earlier in the ￰12￱ move from under $2.00 to above $3.80 in July has since given way to a downward-sloping pattern, with lower highs forming against a relatively flat support ￰13￱ descending triangle structure, often interpreted as a bearish continuation pattern, becomes particularly significant if the lower boundary is ￰14￱ key level identified at $2.7830 represents the immediate threshold traders are ￰15￱ price remain above this support, XRP could continue trading within the tightening range, with the potential for a breakout in either direction.

However, a decisive close below that point would likely be interpreted as confirmation of weakness, with the possibility of extended downside. Brandt’s long-standing presence in the markets gives weight to his observations, though he remains transparent about the fallibility of any single ￰16￱ commentary underscores the importance of technical discipline and the willingness to change views as market structures ￰17￱ engaging with XRP will be watching closely how the price behaves around the $2.78 support zone in the coming sessions, as this area could determine whether consolidation continues or if a deeper correction ￰18￱ : This content is meant to inform and should not be considered financial ￰19￱ views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s ￰20￱ are advised to conduct thorough research before making any investment ￰21￱ action taken by the reader is strictly at their own ￰22￱ Tabloid is not responsible for any financial ￰23￱ us on X , Facebook , Telegram , and Google News