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Peter Brandt warns: XRP under pressure as a short candidate!
Peter Brandt identifies XRP as a potential short candidate. Analysis of price movements and market developments on October 10, 2025.
Peter Brandt warns: XRP under pressure as a short candidate!
Peter Brandt, a prominent commodities trader, has identified the XRP token as a potential short candidate. This assessment appears in light of the analysis of a descending triangle pattern in XRP's price movements. XRP’s current price is $2.79, down more than 3% since the previous day. Despite a strong 34% increase in 2024 and a huge 238% gain last year, the token has struggled to gain momentum in recent months.
Brandt's technical analysis shows the lower horizontal support line at around $2.68. This could indicate strong demand from buyers. However, at the same time, there is an upper descending resistance line that suggests that buying pressure is gradually easing. The convergence of these two lines could be problematic for XRP bulls. If the bearish pattern occurs, Brandt predicts that the XRP price could fall to as low as $2.2. However, since July, XRP has failed to reach this mark and is instead making a series of lower highs on the daily chart.
Current market position of XRP
As of today, October 10, 2025, XRP has further worsened its position among major cryptocurrencies. The token has fallen out of the top 3, and BNB has taken the available space. Recent data from CoinGecko shows that XRP is now in fifth place with a market cap of $167 billion.
The developments surrounding the XRP token raise questions about future price developments. Brandt's analysis could be crucial for investors looking to react to recent trends. The overall crypto market remains volatile, and investors must remain alert to react to sudden changes in buying and selling pressure.
With the all-time high of $3.66 reached in July, the future of XRP is uncertain. As the market continues to develop over the next few weeks and months, the descending triangle pattern that Brandt described could be crucial to price action.
The developments surrounding XRP are an example of the volatility and uncertainties in the crypto sector, posing both risks and opportunities for investors