XRP Faces Bearish Pressure; Veteran Trader Predicts Further Decline

Veteran trader Peter Brandt has issued a concerning warning about XRP’s price action. He believes the digital asset is forming a bearish descending triangle pattern, which could lead to further declines. According to Brandt, XRP’s trajectory indicates a weakening momentum, and if support at $2.78 breaks down, it could trigger a significant drop. His analysis suggests potential targets for XRP would be closer to the $2.4 and $1.9 levels.