CandleFocus Ripple News: Iconic Trader Peter Brandt Calls XRP Chart “Most Powerful”
2024-12-09
Author: Content Editor
XRP's market cap has broken out above a major triangular consolidation pattern, solidifying its position as the third-largest cryptocurrency by value. Trader Peter Brandt, who was previously critical of XRP, has now described its chart as the most powerful in the crypto world. XRP's recent surge to $2.82, nearing its all-time high, is driven by optimism surrounding the potential resignation of SEC Chair Gary Gensler and increasing interest in a Ripple ETF. Despite a slight decrease in the past day, XRP's price has seen a 36% weekly gain, suggesting continued upward momentum.
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