Altcoins News
By Evie Vavasseur
1 / 15
Brandt’s Chart Shows Key Support Level at $2.68743. In his recent post on X (formerly Twitter), Brandt identified a developing descending triangle on…
2 / 15
Negative Sentiment Hits Six-Month High. Market data from Santiment shows that bearish sentiment toward XRP is now at its highest level in…
3 / 15
Google Trends Reflect Waning Retail Interest. Adding to the cautious outlook, Google search interest in XRP has declined significantly.
4 / 15
Mid-Level Holders Start Selling After a Year of Accumulation. On-chain data offers another piece of evidence for the shifting market dynamics.
5 / 15
What Comes Next for XRP. Peter Brandt’s analysis underscores the risks XRP faces as technical, sentiment, and behavioral…
6 / 15
Veteran trader Peter Brandt has issued a cautious outlook for XRP, highlighting a possible 20% decline if the token fails to hold a key technical support level.
7 / 15
“On the right is a developing descending triangle. ONLY IF it closes below 2.68743 (then I’ll be a hater), then it should drop to 2.22163.”
8 / 15
At the time of his analysis, XRP was trading around $2.85, meaning a 6% drop could trigger the bearish confirmation and potentially lead to a further 20% correction toward $2.22.
9 / 15
While Brandt stopped short of predicting an immediate crash, he suggested that a close below this threshold would confirm downside momentum, especially as market sentiment…
10 / 15
Interestingly, Santiment noted that such extreme negative sentiment can sometimes act as a contrarian signal, historically preceding short-term rebounds when fear peaks and…
11 / 15
However, this pattern is not guaranteed, and with multiple indicators pointing toward caution, investors are closely watching XRP’s behavior near the key $2.68 support level.
12 / 15
Adding to the cautious outlook, Google search interest in XRP has declined significantly. According to Google Trends, search activity for XRP fell to a three-month low in late…
13 / 15
This decline suggests that retail traders — who often drive short-term rallies — may be stepping back, leaving institutional and long-term holders as the dominant market…
14 / 15
On-chain data offers another piece of evidence for the shifting market dynamics. Wallets holding between 1 million and 10 million XRP — considered mid-level investors — have…
15 / 15
Santiment’s chart shows that this group’s share of XRP’s total supply grew from 6% in October 2024 to a peak of 10.
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