CandleFocus "Most Powerful" XRP Chart Shared by Legendary Trader Brandt
2024-12-08
Author: Content Editor
Commodity trader Peter Brandt has shared a chart showing the market cap of XRP breaking out above a major triangular consolidation pattern, suggesting that the token's rally could continue. XRP's price has surged by more than 6% in the past 24 hours and 36% in the past week. However, Brandt has faced criticism for changing his tune on XRP, as he had previously dismissed the token. XRP recently reached a multi-year high of $2.82 and is just 25% away from its all-time high after seven years. The token's surge is attributed to the resignation of SEC Chair Gary Gensler and increasing ETF excitement.
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