Crypto Market Insights
Veteran trader Peter Brandt has labeled Ripple's XRP token a top short candidate, sparking debates on which crypto to buy now amid shifting crypto prices.
Brandt spots a descending triangle on the daily chart, where XRP hovers near $2.79 after a 3% drop in the last day.
- XRP experienced a 3% drop in the last day.
- Whales dumped 440 million tokens last month, fueling bearish signals.
- Support at $2.68 is under pressure.
Peter Brandt names Ripple (XRP) token a “Top Short Candidate”
Traders eye a potential slide to $2.20 if the $2.68 level breaks, contrasting with XRP’s modest 34% gain this year after 2023’s surge.
Author's summary: XRP named top short candidate by Peter Brandt.