Market veteran Peter Brandt, a long-time critic of XRP, has changed his stance and now considers the XRP weekly chart to be the "most powerful" in all of crypto. XRP has shown resilience in the face of market uncertainty, maintaining a position above $2 despite occasional pullbacks. Brandt previously confirmed that XRP was in a bullish setup after it surpassed $1, and now with XRP above $1.96, he shared a 1-week XRP market cap chart to express his bullish outlook. The chart shows a previous breakout for XRP and signals the end of an extensive consolidation phase. The breakout occurred as XRP surged past $1 before reclaiming the $2 mark, and it is the first time in seven years that XRP has achieved this milestone. The XRP market cap has surpassed the 8-week moving average, and potential targets for XRP could lie at previous all-time highs and beyond, with a long-term target of $5. Analysts also highlight whale activity during XRP's price fluctuations and discuss its potential use case in global finance as a cost-effective alternative for governments and institutions.



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