Experienced analyst who has been in the market for a long time and is closely followed with his successful analyzes Peter Brandt Ripple (XRP) He made a bold prediction for.
Sharing from his X account, Brandt claimed that the market value of XRP could exceed $500 billion.
Peter Brandt claimed that there is a halved flag pattern on the weekly chart of XRP and that if this pattern is completed in six weeks, XRP will experience a potential explosion.
Brandt, XRPHe said that XRP is at a turning point, stating that it has consolidated within the flag pattern since last December after a sharp rise.
At this point, the analyst stated that the current flag pattern on the XRP chart should gain momentum soon and stated that if XRP does not gain upward momentum and the flag pattern is not completed, the flag pattern carries the risk of turning into a different formation and declines may occur.
However, if the flag model is completed successfully, XRP’s market cap could potentially reach $500 billion.
“Half-mast flags must be completed within six weeks or be viewed with great suspicion.
This flag on the XRP chart needs to be completed soon, otherwise it will likely turn into something else. However, if completed, a market value of $500 billion could be possible for XRP.”
According to CoinMarketCap data, XRP, which is traded at $ 2.4 at the time of writing and has a market value of $ 140.3 billion, is in the ranking. Bitcoin ve EthereumIt ranks third, just behind .
Half mast flags should complete within six weeks, otherwise they should be viewed with great suspicion. This flag in $XRP needs to rock and roll soon, otherwise it will likely morph into something else TBD. But if it completes, then market cap of $500 B is possible pic.twitter.com/c7BHqnQFkP
— Peter Brandt (@PeterLBrandt) January 6, 2025
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/peter-brandt-xrp-icin-alti-hafta-verdi-buyuk-yukselis-kapida-olabilir/