Jakarta, Pintu News – Peter Brandt, the legendary commodities trader, recently gave an optimistic prediction for XRP’s performance in the coming months. Although he did not explicitly mention the Ripple-affiliated token, analysis conducted by several market observers suggests that XRP was the subject of his prediction. Currently, XRP is trading at $2.20 according to the latest data from CoinGecko.
Despite the excitement surrounding the launch of ETFs involving XRP by Canary Capital and several other issuers, the token is yet to show a significant increase in momentum. This is despite the huge hype around ETFs in the crypto market. The performance of the broader crypto market still seems to be putting pressure on the price of XRP, which is still struggling to reach its peak performance.
XRP’s less-than-impressive performance comes amid volatile market conditions, where many investors and analysts are looking for signs of recovery. Nonetheless, with Bitcoin (BTC) recently hitting $91,000, there is hope that this could provide a boost for XRP and other tokens to rise.
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Peter Brandt points out that the dominant pattern in the XRP chart is a large symmetrical triangle that forms over several years. This is an indication of a market consolidation before a significant price movement. From this analysis, it appears that there has been a bullish breakout from the triangle pattern, which is a positive signal for investors.
After an initial impulsive breakout, the price of XRP is currently consolidating in a tight range near the highs. This formation is similar to a bullish flag pattern, which is often considered a bullish continuation pattern. This suggests that there could be further price increases if this pattern continues to develop according to Brandt’s prediction.
Although XRP is currently still down nearly 40% from its all-time high reached on July 18, there are signs that the token may soon recover. The recent price drop to below the $2 level took the market by surprise, but with support from Bitcoin’s (BTC) recovery, XRP may have the potential to bounce back.
This recovery will largely depend on several factors, including overall market sentiment, further institutional adoption of XRP, and the outcome of various initiatives and developments undertaken by Ripple. If these conditions are met, XRP could very well return to being one of the most attractive crypto assets in the market.
With predictions from an expert like Peter Brandt and chart patterns showing bullish potential, the future of XRP seems bright. However, like all investments, risks remain and it is important for investors to do their own research before making an investment decision.
Also Read: True XRP Holders Keep Calm Amid Weak Markets, Here’s the Outlook for December 2025!
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.
A1: Peter Brandt is a legendary commodities trader known for his expertise in analyzing markets.
A2: XRP is a digital token affiliated with Ripple, used in the Ripple payment network to facilitate cross-border money transfers.
A3: Currently, XRP is trading at $2.20.
A4: A bullish flag pattern is a chart formation that indicates a potential continuation of an uptrend after a short period of consolidation.
A5: Despite the launch of an ETF involving XRP, the token is yet to show a significant increase in momentum due to broader market conditions.
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