Peter Brandt’s Chart Analysis Suggests Potential XRP Gains
- Veteran trader Peter Brandt highlighted a potential market advance for XRP to $5.40, implying a gain of approximately 251% from $1.54.
- Brandt’s analysis is based on classical price charts, which he has used throughout his trading career since founding Factor Trading in the early ’80s.
- XRP was trading near $1.52 on September 26, showing an increase of about 7.9% for the week despite being below its weekly high of $1.66.
- During this period, there were significant market activities with Santiment recording over a thousand transfers worth at least $100,000 and thousands of new wallets created.
Peter Brandt’s interest in XRP stems from its chart patterns rather than any allegiance to the token itself, emphasizing that one can be interested in owning tokens without being part of their devoted following.
Brandt’s projection highlights the potential for substantial gains based on historical price patterns, although he distinguishes between making public chart calls and executing actual trades.(Source)
