Peter Brandt, a veteran crypto & stocks trader, recently shared a technical structure that’s favorable for a short play on XRP’s price. In his eyes, Ripple (XRP) coin is a great candidate for shorting if it completes the descending triangle.
Dubious Story Of Peter Brandt’s XRP Short Technique
A few days back, the OG trader claimed the altcoin’s price is nearing a dangerous territory of $2.60, and if XRP’s price falls below this crucial line a dip all the way to $2.22 is on the horizon. Fortunately, this is not the case on Friday evening, as XRP coin’s market value continues to stand above the $2.82 support floor.
On top of that, another technical crypto chart analyst exposed Peter Brandt for shorting Ripple (XRP) back when it was $0.50. Egrag Crypto, alternatively known as ‘Y’, painted this price range in the all-time XRP price chart, displaying a humongous green candle since Peter Brandt placed the bearish XRP price play back in March, 2020.
XRP’s Price In Danger? Macro Paints a Different Picture
Some other crypto market watchers called Mr. Brandt ‘salty’ for missing out on that bull run, but XRP would have to reclaim above $3 to invalidate the descending triangle theory. For now, the trading volumes have not picked up pace, netting $4.6 billion on Friday, which is a few billions slimmer than the previous days of the week.
At this price range, XRP coin is still over 22% down from the $3.65 all-time high, but analysts expect XRP to go beyond that.
To illustrate, Cassie, popularly known as CasiTrades, highlighted that it took 7 years for Ripple coin (XRP) to consolidate before the massive breakout from $0.50 to $3.65. Her macro analysis points to $8 and $13 as the targets in the next bull run, but for that Ripple coin (XRP) has to consolidate above $2.79, which represents the 0.5 Fibonacci level.
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Peter Brandt, a 40+ year trading veteran, shorted XRP at $0.50 in March 2020, nailing the bear market bottom. His call rode XRP’s rally to $3.66 by July 2025. His trades move markets due to his massive following and technical prowess.
In October 2025, Brandt hinted at a new short on XRP via X, citing a descending triangle and bearish momentum. He sees downside to $2 or lower if support breaks, based on his chart analysis.
Macro analysts (not Brandt) predict XRP could hit $8 short-term if spot ETFs launch (98% approval odds by Oct 24). ETF inflows ($4-8B) and low exchange supply could drive the surge, despite Brandt’s bearish bet.
Brandt’s technical analysis flags short-term weakness (RSI dropping, triangle breakdown), while macro bulls bank on ETF hype and institutional buys ($928M in XRP wallets). Both could be right—short-term dip, then long-term pump.
It could swing both ways! Brandt’s short suits traders eyeing quick dips below $2.80. The $8 call hinges on ETF approvals and adoption. Check charts, watch SEC rulings (Oct 18-24), and DYOR—crypto’s wild!
