Analysis News Today TheBitTimes.com

The XRP price dropped 4% in the past 24 hours to trade at $2.856 as of 3:37 a.m. EST even as trading volume rose 12% to $2 billion. This comes as veteran trader Peter Brandt, with 810k followers on X, said he sees the altcoin plummeting to  $2.22163 if it closes below $2.68743. Brandt’s Analysis is based on a descending triangle, which has been forming over time for the XRP price. In support of the bearish outlook, another market veteran, Ali Martinez, also predicted that XRP could see further lows. He shared a descending triangle pattern on the daily timeframe with a similar origin as Brandt’s. According to Martinez’s Analysis , XRP could simply retest the bottom of the triangle at $2.72. His chart further highlights a possible consolidation within the triangle, which will possibly fill the remaining spaces before XRP makes its next breakout. It looks like $XRP is heading for a retest of the triangle’s bottom at $2.72. pic.twitter.com/pBGmJR7S12...

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