Was Peter Brandt’s Ripple (XRP) Price Prediction Wrong? Here’s Why

Updated

October 9, 2025

Gambar Was Peter Brandt’s Ripple (XRP) Price Prediction Wrong? Here’s Why

Jakarta, Pintu News – Peter Brandt, a legendary trader and author, recently issued a price prediction for Ripple that was extremely bearish. Through a post on X, he identified a rare descending triangle pattern.

However, many arguments suggest that his predictions may not be correct. This article will dig deeper into why Brandt’s bearish view on Ripple (XRP) could be wrong.

Peter Brandt’s Bearish Prediction for Ripple (XRP)

Peter Brandt in his analysis pointed out the presence of a descending triangle pattern on the daily chart of Ripple (XRP). This pattern is characterized by horizontal support at $2.6878 and a diagonal line connecting the highest peaks since August 8. Brandt is of the opinion that if the price of Ripple (XRP) falls below $2.68743, then there will be a further decline until it reaches $2.22163.

On the left is a classic descending triangle from Edwards and Magee, showing what descending triangles are supposed to do. 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. $XRP pic.twitter.com/3GI7nT1TaW
— Peter Brandt (@PeterLBrandt) October 7, 2025

According to Brandt, this pattern will confirm a strong bearish breakout in the near future. The distance between the depths of the widest parts of this pattern is about 20%. If the breakout occurs, this means that the price will drop to the next key support level at $2.14, which is the lowest level since July.

Bullish Arguments for Ripple (XRP) Price

According to Crispus Nyaga, financial analyst at Bankless Time, there are several reasons why Brandt’s Ripple (XRP) price prediction could be wrong.

First, Ripple (XRP) has fundamental catalysts that might trigger a short-squeeze. One important catalyst is that it is expected that the US Securities and Exchange Commission (SEC) will approve a spot Ripple (XRP) ETF as soon as next week, pending the end of the government shutdown.

Also read: Can Ripple (XRP) Price Reach $100?

This approval could lead to substantial inflows from American investors, as has already happened with Bitcoin and Ethereum ETFs. Bitcoin (BTC) ETFs have seen cumulative inflows of more than $61 billion since January last year, while Ethereum (ETH) funds have added more than $14 billion. It is estimated that the Ripple (XRP) ETF will generate more than $8 billion in inflows, which is expected to boost its price.

Another Bullish Chart Pattern on Ripple (XRP)

In addition to the descending triangle pattern, the price of Ripple (XRP) has also formed several other bullish chart patterns. The triangle pattern that Brandt noted is likely part of a bullish flag pattern, which often leads to strong bullish breakouts over time.

Further, the ongoing price action is part of the handle portion of the cup and handle pattern, which also often leads to a strong bullish continuation. Ripple (XRP) has also formed a descending wedge pattern, and most importantly, the pullback is part of the second phase of the Elliot Wave pattern.

This phase is characterized by a pullback that returns about 50% or 61.8% of the first wave. This is then followed by the third wave, which is usually the longest.

Conclusion

Taking all these factors into account, the most likely scenario is that the price of Ripple (XRP) will rebound in the coming weeks and reach the previous record high of $3.67, followed by the psychological level of $5 as ETF inflows begin. The bearish prediction by Peter Brandt may be too pessimistic given the strong bullish potential of Ripple (XRP).

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