XRP Price Forecast: Expert Analysis Signals Potential 22% Drop

The XRP price experienced a notable decline of 4% within the past 24 hours, trading at $2.856 as of 3:37 a.m. EST, despite an increase in trading volume to $2 billion. This downward trend comes amidst predictions from veteran traders that the altcoin could plummet by 22%. XRP’s current price decline is attributed to analyst Peter Brandt’s analysis indicating a potential drop to around $2.22163 if it fails to hold support above $2.68743. His analysis rests on the observation of a descending triangle pattern, which has been developing for the XRP price over time. )