XRP Could Drop to $2.22, Peter Brandt Warns as Whales Sell 440 Million; Support Near $2.79 Could Spur Breakout

• Peter Brandt lists XRP as a conditional short candidate if price closes below $2.60.

• Whales sold ~440 million XRP in the past month, adding selling pressure.

• Key technical support sits near $2.79 (0.5 Fib); breakout above $2.92 could resume upside momentum.

Meta description: XRP price outlook: Peter Brandt warns of a possible drop to $2.22 amid heavy whale selling and technical resistance — read levels and key takeaways.

Peter Brandt signals bearish sentiment on XRP, listing it among his short targets as the token faces technical resistance and whale sell-offs.

• Peter Brandt warns of an XRP decline to $2.22 if a descending triangle completes, signaling potential short positioning.
• Whale investors have sold 440 million XRP in the past month, reflecting lower market confidence despite ETF optimism.
• Analysts note XRP’s strong technical support near $2.79, hinting at a possible breakout toward new highs if momentum is sustained.

Peter Brandt has reaffirmed a bearish outlook on XRP, naming it a conditional short candidate based on chart structure and potential closes below $2.60. Brandt’s technical view centers on a descending triangle; a confirmed breakdown could open a path toward $2.22. This assessment is conditional and tied to closes below key levels.

What is the XRP price outlook?

The XRP price outlook is mixed: short-term downside risk remains if a descending triangle completes and price closes under $2.60, but strong support around $2.79 could enable a rebound if buying momentum returns. Expect volatility driven by whale flows and technical confirmations.

How significant is the whale selling?

On-chain analytics show roughly 440 million XRP moved by large holders over the past month. Large-scale selling of this magnitude typically increases short-term supply on exchanges and can depress price until absorption occurs. Whale behavior remains a key near-term driver.

Why does technical structure matter for XRP?

Technical structure matters because patterns like a descending triangle indicate market participants’ sentiment. If XRP closes below $2.60 and confirms the triangle, measured move targets point toward $2.22. Conversely, holding the 0.5 Fibonacci support at $2.79 supports upside scenarios.

What analysts are saying?

Technical analyst CasiTrades argues XRP retains structural strength, highlighting the macro 0.5 Fib at $2.79 as key support. She suggests a potential subwave correction before renewed upside, with short-term targets cited at $4.50 and $6.50 and a longer-term range mentioned between 8 and 1,3 (note: reported in original commentary as non-standard notation).

Key technical levels (table)

Frequently Asked Questions

Can whale selling push XRP below $2?

Large transfers (≈440M XRP recently) increase selling pressure, but whether price falls below $2 depends on orderbook depth and buyer absorption. A confirmed close under $2.60 is the immediate technical trigger that could lead to further declines toward $2.22.

How should traders use Brandt’s call?

Use Brandt’s view as one conditional scenario: set clear risk parameters, watch closes under $2.60, and monitor on-chain whale flows. Combine technical confirmation with position sizing and stop-loss rules.

Key Takeaways

• Conditional short setup: Brandt’s target of $2.22 is contingent on a confirmed descending triangle close below $2.60.
• Whale activity matters: ~440M XRP sold in the past month increases near-term downside risk.
• Support vs. resistance: $2.79 is crucial support; reclaiming and holding above $2.92 would favor bullish continuation.

Conclusion

Peter Brandt’s bearish signal adds a credible technical voice to a market already shaped by heavy whale selling and clear resistance around $2.92. Traders should watch the $2.60 close level and on-chain flows for confirmation. COINOTAG will monitor developments and update analysis as new data appears.

Analytics platform Santiment reports elevated fear, uncertainty and doubt (FUD) readings for XRP, historically a contrarian signal that can precede rebounds when sentiment peaks. Analysts and on-chain data providers are referenced here as plain text sources for context.