Renowned trader Peter Brandt recently identified a potential bearish outlook for XRP, highlighting a descending triangle pattern in the cryptocurrency’s chart. This pattern suggests that XRP could potentially drop to $2.22163 if support at $2.68743 is breached, according to his analysis shared on X (formerly Twitter). 1946 historical parallels, where a similar descending triangle triggered significant price drops, are cited as evidence of this potential bearish scenario. The pattern’s reliability will rely on confirmation from higher timeframes and the presence of bearish momentum. While this could be seen as a signal for selling XRP, technical strategies suggest that investors should monitor the key support level at $2.68743 and consider additional indicators before making any financial decisions.