XRP Faces Potential Decline as Veteran Trader Signals Warning

Experienced market analyst Peter Brandt has issued a warning for Ripple (XRP), highlighting a bearish trend on the XRP daily chart. Brandt noted a descending triangle formation, suggesting further price declines if the price closes below the key support level of $2.66. This pattern emerged after XRP experienced a significant price drop from its peak of $3.66 in July. Veteran analyst Ali Martinez also echoed this bearish outlook, observing a similar descending triangle formation on the daily chart and predicting potential further dips in XRP’s price.