CandleFocus XRP at $2.7? Legendary Trader Peter Brandt Shares Bullish View
2024-12-28
Author: Content Editor
Seasoned trader Peter Brandt has shared two charts that suggest possible moves for the price of XRP. The weekly chart shows a bullish wedge pattern that, if validated, could lead to price growth into 2025. However, the daily chart indicates a correction from the local top level. Brandt also mentioned that XRP is forming a Half Mast Flag pattern, which could signal a substantial price move following a drop. XRP reached a peak of $2.72 in December but has since declined steadily. Currently, the price remains at $2.1. The market cap has increased, indicating steady liquidity, and the fully diluted valuation has climbed, reinforcing confidence in XRP's potential.
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