Suche
XRP course forecast: Does the cryptocurrency crash to $ 2.22?
Peter Brandt predicts that XRP price will fall to $2.22. Analysis of the bearish pattern and market development on October 8, 2025.
XRP course forecast: Does the cryptocurrency crash to $ 2.22?
Peter Brandt, a leading raw material dealer, predicts a dramatic drop in prices for XRP cryptocurrency up to USD $ 2.22. This prediction is based on a descending triangle that Brandt identified in the daily chart of the token. This diagram known as the bearish continuation pattern indicates that the price of XRP could continue.
The descending triangle consists of a horizontal support line and a descending resistance line, which is formed by lower highs. Brandt illustrates his analysis with a historical chart by Revere Copper & Brass from 1946, which is considered a textbook example for this pattern. A classic descending triangle can be seen on the left side of the charts, while the developing pattern of XRP is visualized on the right.
Price forecast and support lines
Brandt explains that XRP needs to fall below $2.68743 for his prediction to take effect. This could lead to a further decline to $2.22163 if the pattern develops as expected. However, the descending triangle is not yet fully formed, meaning market developments could be crucial in the coming days.
Another point Brandt raises is the key support level at $2.69. If the XRP token falls below this value, Brandt sees the probability of a significant decline as high. In fact, at the time of reporting, the XRP token has fallen by more than 5%, which is in the context of a broad market swing.
Market situation and competition
Additionally, it is notable that XRP's market capitalization has fallen below that of Binance's BNB token, causing XRP to fall out of the top 3 cryptocurrencies. This development demonstrates the increasingly competitive nature of the digital currency market and the difficulties currently facing XRP.
Overall, the token is under pressure and Brandt's analysis suggests that investors should pay attention to the coming days to better assess XRP's further development. The combination of technical analysis tools and the general market situation could be crucial for the token’s price movements in the near future. More on this reported UToday.