Peter Brandt Just Made a New XRP Price Prediction — Here’s the Breakdown

As the altcoin market capitalization (TOTAL2) just lately hit a new all-time high of $1.19 trillion, veteran dealer Peter Brandt, who has over 40 years of expertise, shared his newest prediction for XRP, one in all the most intently watched altcoins amongst buyers.

Various on-chain and sentiment knowledge assist his evaluation, serving to buyers assess each dangers and alternatives in October.

XRP’s Price Structure Suggests a Possible Sharp Correction

In a latest evaluation on X (previously Twitter), Brandt recognized a traditional descending triangle sample on the XRP chart. The formation, referenced from Edwards and Magee’s technical evaluation textbook, usually alerts a downtrend continuation.

Although the sample is bearish, Brandt maintained a cautious tone. He averted making absolute statements however identified a particular situation that would affirm a deeper decline.

“On the proper is a growing descending triangle. ONLY IF it closes under 2.68743 (then I’ll be a hater), then it ought to drop to 2.22163,” Brandt stated.

At press time, XRP is buying and selling round $2.85. This means a 6% drop from its present stage might set off a potential decline of greater than 20%.

Brandt’s prediction comes as XRP faces a number of destructive alerts from the broader market. According to knowledge from Santiment, destructive sentiment towards XRP has reached its highest level in six months.

However, utilizing contrarian reasoning, Santiment argued that such sturdy destructive sentiment may point out a potential rebound, primarily based on XRP’s historic value recoveries.

Still, one other neglected issue is the decline in Google search curiosity for XRP. Data from Google Trends reveals that XRP searches hit a three-month low in late September and are actually under 25 factors.

The mixture of bearish sentiment knowledge from Santiment and declining search curiosity might make Brandt’s draw back situation extra more likely to be met.

Mid-Level Holders Begin Selling After a Year of Accumulation

Another issue reinforcing the bearish outlook is the distribution of XRP provide.

According to Santiment’s chart, wallets holding between 1 million and 10 million XRP — usually mid-tier buyers — have began promoting for the first time in a yr.

The proportion of provide held by this group rose from round 6% in October 2024 to a peak of 10.76% in September 2025, earlier than dropping to 10% in early October 2025.

This sell-off might point out profit-taking or declining confidence amongst mid-level holders, each of which are sometimes precursors to elevated promoting strain in the market. Because this group controls a significant slice of XRP’s circulating provide, their actions can strongly influence price trends.

Overall, Peter Brandt’s forecast highlights the draw back dangers for XRP in October, with the descending triangle sample at the core of his evaluation. With high FUD levels, low search curiosity, and mid-tier holder promoting, XRP may face heightened volatility in the coming weeks.

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