XRP’s price could see a massive 100x rally in the near future, according to veteran trader Peter Brandt. In a recent post, Brandt shared a chart showing a bullish wedge pattern on XRP’s weekly chart, hinting at price growth well into 2025.
However, his daily chart suggests a potential correction from the local top of $2.73 before any further rise. Brandt previously pointed out that XRP may be forming a “Half Mast Flag” pattern.
If this pattern plays out, he believes the price could skyrocket, matching previous price gains. While these patterns often signal a strong move, it’s not guaranteed that upward momentum will continue.
Adding to the bullish outlook, crypto analyst Credible Crypto highlighted XRP’s strong market structure in a recent video. He believes XRP is showing one of the clearest bullish impulsive structures across all timeframes.
According to Credible, XRP could soar by up to 1,295%, potentially reaching new all-time highs. He predicts a price surge to $4 or higher, with a blow-off top that could push XRP to $20-$30.
Despite recent volatility, XRP’s long-term potential remains strong. It’s currently 36.3% below its all-time high from 2018, but the fully diluted valuation has reached $216.24 billion, indicating growing confidence in its future.
As Ripple continues to innovate, investors are closely watching XRP for the next big move.
Also Read: Ripple to Unlock 1 Billion XRP from Escrow on January 1, 2025
Renowned trader Peter Brandt has recently made a bold prediction for XRP, claiming that the cryptocurrency could experience a 100x rally by 2025. Brandt, who is known for accurately predicting market movements, believes that XRP has the potential to soar to new heights in the coming years.
In a recent tweet, Brandt stated, “I am not a fan of Ripple or XRP, but I have to give credit where credit is due. XRP has the potential to see a 100x rally by 2025.” This statement has sparked a lot of excitement and speculation among the crypto community, with many investors eagerly awaiting the potential growth of XRP.
Brandt’s prediction comes at a time when XRP has been making significant strides in the cryptocurrency market, with the recent SEC lawsuit settlement being a major turning point for the digital asset. With this newfound clarity and regulatory certainty, XRP could be poised for a massive rally in the years to come.
While it’s important to approach all predictions with caution, Peter Brandt’s track record in the industry lends credibility to his forecast for XRP. Only time will tell if XRP will indeed experience a 100x rally by 2025, but one thing is for certain – the cryptocurrency market is full of surprises, and anything is possible.
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