Market analyst Brandt issued a concerning warning regarding XRP’s price, highlighting a descending triangle pattern on the cryptocurrency’s chart. This structure signals weakening buying pressure and could trigger a sharp decline if XRP breaks below $2.68, potentially pushing it towards the $2.20 region. 📉
His analysis is supported by the chart showing XRP struggling to break above its recent highs and clinging to support near $2.6. Repeated attempts to surge beyond $3 have been met with caution from traders, who are increasingly wary of further downside movement.
This comes as XRP faces competition from Binance Coin (BNB), which recently overtook it to become the third-largest cryptocurrency by market capitalization. BNB has surged past $1,300 and reached a record high valuation of over $178 billion, leaving XRP trailing slightly behind with a market cap of approximately $177 billion.
This shift reflects changing investor preferences as capital flows toward assets demonstrating stronger performance. While XRP has shown relative stability in recent months, it’s struggled to replicate the earlier momentum that propelled its growth. Analysts warn that a decisive break below current support levels could lead to increased volatility in the coming weeks.
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