XRP Plunges Below Descending Triangle – Is a Rebound Ahead?

2025-10-11 18:07
Blockmedia
Blockmedia
XRP Plunges Below Descending Triangle – Is a Rebound Ahead?

Image source: Block Media

XRP's Market Struggles: Technical Setbacks and Recovery Signals

The cryptocurrency market recently experienced a downward trend, partly influenced by controversial remarks from former U.S. President Donald Trump. Amid this backdrop, XRP has shown notable technical weaknesses, raising concerns and sparking debate within the digital asset community. As of October 11, XRP’s value against Bitcoin (BTC) dropped sharply, falling from 0.00003100 BTC to a low of 0.00002300 BTC. Despite this decline, some investors are optimistic that XRP could stage a comeback if Bitcoin stabilizes following its steep drop.

Signs of a Possible Rebound

One promising signal for XRP's recovery comes from its Relative Strength Index (RSI), which has entered deeply oversold territory in its pairing against Bitcoin. Historically, such oversold conditions have preceded significant price rallies, such as the one observed in early 2025.

Further analysis of XRP/BTC charts reveals that although this pairing hit a new low, it quickly bounced back as buyers reentered the market. A rapid rebound often indicates strong demand and suggests potential for sustained recovery. This phenomenon has been seen before, where similar price action led to multi-week upward trends in XRP's price.

Market analysts at U.Today forecast short-term gains for XRP if its current levels are maintained. According to their predictions, XRP could reach 0.00002600 BTC against Bitcoin. With Bitcoin currently valued at $111,000, this would correspond to an XRP price of approximately $3.17 in USD terms. If XRP/BTC rises further to 0.00002900 BTC, its USD value could climb to $3.54, offering a glimmer of hope for investors anticipating a turnaround in the asset’s performance.

Diverging Views on XRP's Future

Despite the optimistic outlook from some quarters, skeptics warn that XRP could face additional declines. Their concerns are rooted in its breakdown below the lower boundary of a descending triangle pattern—a bearish technical formation that often signals further downward movement.

This perspective gained traction following a controversial statement made by renowned cryptocurrency analyst Peter Brandt on X (formerly Twitter). Brandt tweeted after XRP’s plunge, stating, “Predicted target reached. Profits taken.” His post, which included a chart marking XRP’s trajectory, implied that the decline was anticipated and capitalized upon.

Hey XRP trolls
Target reached. Profits taken
While you such gas
pic.twitter.com/OKANaEaSu7
— Peter Brandt (@PeterLBrandt) October 10, 2025

Brandt’s comments drew sharp criticism from the XRP community, with many accusing him of profiting from XRP’s downturn. According to reports from crypto-focused outlet The Crypto Basic, some community members alleged that Brandt had shorted XRP prior to its decline, sparking considerable backlash.

Previously, Brandt projected that XRP could dip to as low as $2.22—another key level that has fueled debate among investors and analysts alike. While Brandt’s predictions have long drawn a mix of admiration and skepticism, many in the XRP community remain unconvinced by his analysis, attributing the asset’s decline to broader macroeconomic factors rather than technical indicators.

Community Controversy and Market Resilience

XRP supporters argue that external influences, such as global financial uncertainty and high market volatility, played a significant role in the recent dip. They dismiss Brandt’s forecast as more coincidence than skill, highlighting the unpredictable nature of the cryptocurrency market. Critics of his analysis emphasize that volatility—not descending triangle patterns—was the primary driver behind XRP’s fall, suggesting that any technical alignment was merely fortuitous timing.

As debates around XRP’s trajectory continue to heat up, the asset’s performance remains a focal point within the broader cryptocurrency landscape. Both optimism for recovery and bearish caution exemplify the uncertainty gripping the market. Investors navigating this volatility are closely monitoring XRP’s price movements for further clues regarding its short-term and long-term prospects.

For ongoing updates and expert insights about the digital asset sector, follow Block Media on Google News or join their Telegram channel.

View original content to download multimedia: https://www.blockmedia.co.kr/archives/988917

Recommended News