Veteran trader Peter Brandt has highlighted XRP as a prime short candidate, citing the formation of a descending triangle pattern. The pattern suggests a potential decline, with the lower horizontal support line at approximately $2.68 and the upper descending resistance line indicating diminishing buying pressure. Brandt forecasts a possible drop to $2.2 if the pattern completes. Currently, XRP is trading at $2.79, following a 3% decline, with a market capitalization of $167 billion, according to CoinGecko.
Peter Brandt Identifies XRP as Prime Short Candidate Amid Bearish Pattern
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