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 chart. The image showed a descending triangle pattern, which is typically viewed as a continuation pattern that signals downside risk when prices fail to hold support.
That statement followed his earlier observation that he would short XRP due to the formation of the descending triangle. Since then, the market has moved in line with that analysis. XRP 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 analysis.
Hey XRP trolls
Target reached. Profits taken
While you such gas pic.twitter.com/OKANaEaSu7— 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 July. Repeated tests of the lower horizontal boundary near $2.69 preceded a decisive break below that level, confirming the bearish setup he had warned about.
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The daily chart, marked by descending highs and stable lows, indicated waning momentum over several weeks. Moving averages reflected a gradual loss of short-term strength, and the price recently slipped under both the 8-day and 18-day averages. XRP has also seen a volume uptrend. It surged almost 280% within 24 hours, signaling strong selling pressure.
XRP also hit a low point of $1.9, dipping below $2 for the first time since June. While 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 losses.
Looking Ahead for XRP
Following the breakdown, XRP will likely need to reclaim the $2.69 to $2.80 range to restore bullish momentum. Until that occurs, many traders may treat recent support levels as potential resistance. Despite the pullback, long-term holders continue to monitor whether the token can maintain stability above $2.2.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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