The XRP ($3.09) community is buzzing with excitement after legendary trader Peter Brandt spotted a bullish pattern on the charts. This pattern suggests that XRP could experience a significant price surge. As the cryptocurrency gains momentum, traders anticipate a possible climb to $4.8, fueling further optimism.
Peter Brandt’s Bold Prediction for XRP
Peter Brandt, known for his accurate market forecasts, identified a bull flag pattern in XRP’s price action. This formation often signals a continuation of an existing trend. He believes that if the pattern holds, XRP could rise by 15% to $3.5487. Even more exciting, he predicts a 43% increase that could push the token to $4.39.
Source| XHis latest analysis aligns with his previous forecasts. Earlier, he suggested the token could reach as high as $4.6, reinforcing his confidence in the asset’s potential rally. Given his track record, traders are watching XRP’s movements closely.
Market Experts Confirm XRP’s Bullish Outlook
Brandt isn’t the only analyst seeing a potential breakout. Market expert Disrupt Yourself also identified a bull flag on XRP’s three-hour chart. According to his analysis, XRP could soon break out toward $3.9, confirming Brandt’s bullish outlook.
Source| XAnother analyst, Cryptodanovic, also supports this theory. In a recent post, he noted that XRP remains within the bull flag structure. If the asset breaks out, he predicts XRP could soar to an impressive $4.8, further strengthening bullish expectations.
Source| XPrice Analysis and Key Resistance Levels
XRP is currently trading at $3.10, reflecting a slight increase in the last 24 hours. However, for a confirmed bullish breakout, it must overcome key resistance levels. The first test is at $3.21. If the price surpasses this mark, it needs to break above $3.40 to solidify the uptrend.
Until then, the market remains in a consolidation phase. If XRP fails to break resistance, it may retest support levels between $2.76 and $2.97. A further drop below $2.76 could trigger a deeper correction, potentially driving prices down to $2.52.
Will XRP Break Out or Face a Fakeout?
XRP appears primed for a major rally, especially with multiple analysts confirming the bullish setup. However, the asset must clear key resistance levels before a confirmed breakout. If Peter Brandt’s predictions come true, XRP could soar past $4.8, delivering significant gains to traders.
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The coming days will be crucial in determining whether the token will break out or face a market fakeout. As excitement builds, traders remain on high alert, waiting for the next big move.
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