Veteran crypto trader Peter Brandt is predicting a huge price jump for XRP, the cryptocurrency behind Ripple. He’s eyeing a potential 281% surge, but there’s a crucial time constraint.
XRP’s Bull Flag: A Ticking Clock
Brandt, who boasts a large following on X (formerly Twitter), sees a “bull flag” pattern forming on XRP’s chart. This pattern often suggests a period of consolidation before a significant price increase. He’s emphasizing the importance of a timely breakout. If XRP doesn’t break out of this pattern soon (within the next few weeks), the prediction becomes less reliable. A successful breakout, according to Brandt, could push XRP’s market cap to a whopping $500 billion, translating to a price of roughly $8.68 per coin (assuming the current supply remains constant). Currently, XRP is trading around $2.28.
Bitcoin’s Head and Shoulders: A Different Story
Brandt also commented on Bitcoin (BTC), noting a bearish “head and shoulders” pattern on its daily chart. This pattern usually signals a potential trend reversal. However, Brandt points out that Bitcoin’s resilience above a key support level ($90,600) might actually indicate strength, making the bearish pattern less significant than it might initially appear. Currently, Bitcoin is trading around $96,876.
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