Peter Brandt Predicts XRP Could Drop to $2.2 If This Happens
Highlights
- Brandt stated that XRP could drop to $2.2 if it closes below $2.68.
- The veteran trader alluded to a descending triangle that was playing out for the altcoin.
- XRP has lost its position to BNB as the third largest crypto by market cap.
Veteran trader Peter Brandt has dropped another XRP analysis, in which he revealed what could lead to a price drop to as low as $2.2. This follows the altcoin’s drop in the crypto rankings, with BNB surpassing it to become the third-largest crypto by market cap.
Peter Brandt Reveals How XRP Could Drop To $2.2
In an X post, the veteran trader stated that the altcoin could drop to $2.22163 if it closes below $2.68743. This came as he highlighted a classic descending triangle, which was developing for the altcoin.
On the left is a classic descending triangle from Edwards and Magee, showing what descending triangles are supposed to do. On the right is a developing descending triangle. ONLY IF it closes below 2.68743 (then I’ll be a hater), then it should drop to 2.22163. $XRP pic.twitter.com/3GI7nT1TaW
— Peter Brandt (@PeterLBrandt) October 7, 2025
His accompanying chart showed how XRP has been forming a series of lower highs with a horizontal support line at around $2.6, indicating a weakening demand for the altcoin. The altcoin has notably failed to hold above the $3 level despite several retests and now looks at risk of a potential price breakdown, as Brant warned.
Amid the struggle to hold above $3, XRP has lost its position as the third-largest crypto by market following the BNB price rally to a new all-time high (ATH) above $1,300. BNB now has a market cap of around $178 billion, while XRP boasts a market cap of $177 billion.
The Bullish Outlook For The Altcoin
On the other hand, crypto analysts like CasiTrades have provided a more positive outlook for XRP. She noted that the altcoin’s price has respected the $3 zone for a few days and that momentum is gradually building.
🚀XRP Testing Major $3 Fib Support! 🚀
XRP is starting the week with some very encouraging technicals. The strongest right now is XRP holding the $3 major Fib support and forming a consolidation pattern with this level as the apex. 🎯Price has respected this zone for a few days,… pic.twitter.com/NVVrfb2QBs
— CasiTrades 🔥 (@CasiTrades) October 6, 2025
The analyst added that consolidation like this often sets up a high-probability breakout. CasiTrades believes that this support will continue to hold and increase the likelihood of the market entering a Wave 3 up. She declared that the next wave could be sharper and longer than what market participants have seen in recent months.
As CoinGape earlier reported, on-chain analytics platform Santiment stated that XRP is flashing a buy signal. The platform explained that the altcoin is seeing its highest level of FUD since the Trump tariffs, which is generally a “promising buy signal” as prices move opposite to retail’s expectations.
Crypto analyst Ali Martinez stated that XRP was facing a major test at $3.15. However, a breakout from that level could trigger a rally to $3.60. Meanwhile, CasiTrades highlighted $4 and $4.50 as the major resistance targets looking ahead.
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