Key Points
- •Peter Brandt lists XRP for shorting; observes a descending triangle.
- •XRP price may drop if $2.66 support breaks.
- •No official data confirming market or exchange shifts.
Veteran trader Peter Brandt issued a bearish forecast for XRP, highlighting a descending triangle pattern in his analysis shared on X (formerly Twitter) as of October 9, 2025.
Brandt's prediction may influence XRP traders, though no official data confirms widespread market impact or institutional actions based on his analysis.
Veteran trader Peter Brandt has identified XRP among shorting opportunities, citing a descending triangle pattern. He shared his analysis on X (formerly Twitter), suggesting potential bearish implications if the triangle breaks key support levels.
XRP Shorting Opportunity Highlighted by Peter Brandt
Brandt’s prediction focuses on XRP, with no evidence of impact on other cryptocurrencies like ETH or BTC. Major exchanges and regulatory bodies have not reported official data shifts in response to Brandt's call as of now.
The analysis remains technical, with no data corroborating financial or liquidity impacts. Historical trends of descending triangles in cryptocurrencies often result in rapid selloffs, particularly in smaller altcoins with limited order books.
Potential Market Impact and Trader Sentiment
Brandt's prediction could potentially influence trader behavior, leading to speculative activities. Community discussions hint at emerging narratives, yet official sources remain silent. Historical patterns and technical analysis constitute the basis for potential market declines.
Insights indicate possible significant market movements, dependent on technical breaches. A review of historical trends underscores descending triangle formations could prompt sharp selloffs. Data analysis emphasizes the possibility of a key price level breakdown influencing XRP's trajectory.
“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” - Peter Brandt, Veteran Trader, Commodity Analyst