#xrp

Legendary Trader Peter Brandt Issues XRP Alert – Warns Altcoin at Risk of 50% Drawdown

Veteran trader Peter Brandt has sounded the alarm on XRP, cautioning that the altcoin could face a steep 50% decline. Brandt, known for his decades of market experience, shared a technical analysis suggesting that XRP's price action resembles a descending triangle pattern—a bearish signal often preceding significant drops.

In a recent post, Brandt highlighted that if XRP fails to hold critical support levels, it may plummet by half from its current valuation. His warning comes amid a broader market downturn, with many altcoins struggling to regain momentum.

XRP has faced persistent challenges, including regulatory uncertainty and lackluster price performance compared to other major cryptocurrencies. Despite occasional rallies, the asset has struggled to break out of long-term consolidation.

Brandt’s analysis aligns with his historically cautious stance on altcoins, which he views as highly speculative. While some traders remain optimistic about XRP's future, his forecast serves as a sobering reminder of the risks in volatile crypto markets.

As of now, XRP's price hovers at

, with traders closely watching key support zones. A breakdown could confirm Brandt’s prediction, potentially leading to further losses.