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Legendary Trader's XRP Prediction: Is a Huge Rise Coming in 6 Weeks? - Coin Bulletin
Legendary trader Peter Brandt shared a notable technical analysis for XRP.
Brandt mentioned the possibility of a significant increase in XRP's market value, stating that it could reach a market value of $500 billion upon completion of this movement. However, he issued a warning about a specific time frame for this bullish scenario.
**XRP's technical outlook: "It's time to rock and roll!" **
Brandt stated that XRP's current technical formation is a “half mast flag” formation and needs to be completed. Stating that “Flag formations are usually completed within six weeks,” Brandt said that XRP needs to “rock and roll” during this period, otherwise this formation could evolve into a different structure.
If this formation is completed, according to Brandt, the market value of XRP could reach $500 billion. However, if it is not completed, it is likely that price movements will turn in another direction.
Is XRP ready to rise?
The market value of XRP is currently around 138.6 billion dollars. If this technical formation becomes active as Brandt predicts, the market value of XRP can increase almost four times its current level. This means a massive rise in XRP price.
However, Brandt warns investors to be cautious and expresses that skepticism should be approached if flag formations are not completed on time. The movements of XRP in the next few weeks will determine whether this scenario will occur or not.