XRP Price Outlook Turns ‘Very Negative,’ Warns Peter Brandt as Crypto Market Crash Deepens

Peter Brandt, a veteran trader, has sounded a bearish alarm about XRP, stating that the token could fall to new lows before it recovers. His remarks come as Bitcoin leads a sharp market downturn, dragging altcoins into deeper losses.

Peter Brandt Flags Bearish XRP Setup

Peter Brandt shared his latest views on X, cautioning that XRP’s chart “looks very negative.” He stressed that he interprets chart patterns and admitted he can be wrong. His statement hinted at criticism he has faced in the past for bearish calls on major cryptocurrencies.

I post what I see. I assume strong opinions — always weakly held. I am wrong as often as I am right. If you are offended by my charts, then that is your problem
The chart of XRP is potentially very negative pic.twitter.com/r7PjhCSK1A

— Peter Brandt (@PeterLBrandt) August 29, 2025

The chart posted by Brandt showed XRP could drop to $2.78, a level not seen in recent months. The token is already struggling to hold the $3 threshold, a key psychological level for traders. TradingView data shows XRP fell nearly 5% today, changing hands at $2.83. Losses over the past month now stand at close to 10%.

The decline comes despite the resolution of Ripple’s long-running legal battle with the U.S. SEC. XRP briefly spiked to $3.40 after the dismissal of the case, marking a short-lived rally. However, selling pressure quickly erased those gains as the broader crypto market entered a correction.

Interestingly, Brandt’s stance today contrasts with his comments last month. He previously predicted that XRP could go “up up up” after breaking out of consolidation. That call proved accurate in the short term as XRP surged to a new all-time high of $3.60 before reversing sharply.

Bulls Point to ETF Prospects Despite Pullback

While Brandt has turned bearish, others remain optimistic about XRP’s long-term prospects. ETF Store President Nate Geraci said that ETF approvals could soon “open the floodgates” for XRP investment. He argued that the token could attract strong institutional flows once regulators give the green light.

There is already high demand for XRP-based products. CME XRP futures are the highest-open-interest crypto derivative with three months to achieve it. Close to one billion in inflows have also been witnessed in futures-based ETFs, which reflects increasing institutional appetite.

Analysts think that in the case of XRP ETFs approval, it may attract new funds into the ecosystem and stabilize the prices. Such a bullish opinion implies that, in spite of the short-term fluctuations, there is the possibility that the asset will be prosperous due to the regulatory clarity and the expanded adoption.

Traders are still apprehensive of the market correction as the market continues to decline. XRP sits in the crossfire of the negative technical indicators, as indicated by Brandt, and positive prospects based on the approval of new ETFs. The next few weeks may be the make-or-buy decision for its next big step.