A new XRP price prediction by veteran trader Peter Brandt warned that a weekly close below the $2.68743 support level would likely send XRP down to $2.22163.
That $2.22163 target is roughly 20% below the current $2.85 price. Brandt identified a developing descending‑triangle formation (midterm target $2.68) and even noted a bearish RSI divergence on the weekly chart.
XRP Price Prediction: Descending Triangle Sets $2.22 Target
Brandt’s chart shows XRP’s lower highs converging on ~$2.68 support, forming the classic descending triangle.
He cautioned that if XRP closes below $2.68743 on the weekly chart, the “downside target is $2.22163.”
In effect, this would put XRP at near‑term level of around $2.22 – about an 18% drop from the ~$2.85 level.
A sustained break of $2.68 would confirm the bearish pattern. If support holds, the outlook shifts. In that case bulls would force a revision of the short‑term XRP price prediction.
Meanwhile, on‑chain metrics and sentiment indicators are feeding into this bearish XRP price prediction.
Glassnode data show more than 320 million XRP moved to major exchanges over the past week, pushing exchange reserves toward nine‑month highs – a sign of rising sell pressure.
Santiment reports that XRP’s crowd FUD (fear/uncertainty) metric is at its highest level in six months, which historically has acted as a contrarian buy signal.
Taken together, these factors reinforce the downside scenario many traders now have for XRP.
Counterpoints and Alternative Outlooks
Not all analysts agree on the timeline of a drop. Crypto trader CasiTrades notes that XRP has held roughly the $3.00 level for several days and is forming a consolidation pattern.
She argues that a confirmed breakout could send XRP toward the $4.00–$4.50 range. Likewise, analyst Ali Martinez says a clean break above $3.15 could drive XRP toward $3.60.
In those bullish XRP price prediction scenarios, a move above key resistance would invalidate the bearish triangle.
Each camp is essentially tracking its own XRP price prediction: bears eye the $2.22 downside, while bulls are watching for $3+ breakouts and higher targets.
For now, a break of $2.68 is the pivot. Traders are already adjusting their XRP price prediction based on this level.
CasiTrades notes that the market “awaits a decisive move, either above $3.15 or below $2.68743.” A weekly close below $2.687 would likely cement Brandt’s target, while holding above it would shift focus back to higher levels.
XRP’s market cap ($177 billion) now sits just below BNB’s ≈$178 billion, underscoring how even small price moves could shuffle the rankings.
In sum, XRP sits at a critical juncture: a clear break of $2.68 support would validate the downside XRP price prediction, whereas a hold or bounce could propel the token toward new highs.