XRP on the Brink: Veteran Trader Peter Brandt Warns of 18% Crash

Veteran trader Peter Brandt has sounded a severe bearish signal for XRP, forecasting a possible 18% plunge to $2.22 should the coin conclude below the crucial support level of $2.68743. Brandt highlighted a descending triangle pattern on the daily chart in his October 7, 2025 X post, with a horizontal support at almost $2.68743. and a run of lower highs beginning in August. Especially since XRP now hovers about $2.85, where even a little decline is possible, this classic bearish pattern indicates waning buyer interest. 6% decrease might set off a more severe 20% correction.

The prediction comes against more general market obstacles for XRP, which has dropped to fourth position in cryptocurrency ratings following BNB overtook it with a market cap of approximately $178 billion. Repeated failures of XRP to rise over the $3.00-$3.10 barrier have let sellers rule. Confirming the bearish forecast, sentiment indicators show record-high FUD levels and dropping Google search interest whereas exchange data reveals substantial whale deposits of over 320 Last week million XRP increased net supply to 3.8 billion coins in the face of declining demand. Recent long position liquidations over $21 million emphasize the stress on the market.

Some experts, however, show contrarian hope; CasiTrades suggests that XRP's respect for the $3 Fibonacci support might start a consolidation that would result in a powerful Wave 3 surge. If resistance is broken, others look at upside targets at $3.60, $4.00, and $4.50, noting that severe negativity sometimes comes before rebounds. Key levels to watch include the $2.68743 support as a bearish trigger and $3.15 resistance for possible invalidation of the descending triangle, therefore reversing momentum upward.