Oh, to be a fly on the wall in the financial market! The ever-so-dapper Peter Brandt, a trader of such vintage that his first charts were probably drawn on parchment, has now turned his monocle towards the digital darlings of the day: cryptocurrencies. The man’s been navigating the fiscal seas since the ’70s, and now he’s charting a course through the turbulent waters of XRP, that old stalwart of the crypto world.
It seems our dear Mr. Brandt has been squinting at the charts and spotted what he believes to be a rather fetching head-and-shoulders pattern in XRP’s price. Targets? A modest $3 to a more thrilling $1.07. But wait, there’s more!
The intrepid chart-watcher has doubled down, bless his heart, and provided a fresh update to keep us all on the edge of our seats.
According to Brandt’s latest dispatch, XRP is forming a complex head-and-shoulders top, a formation so classic it could be sipping a martini. This pattern emerged back in January when XRP hit its all-time high, only to reverse course and slide into a rather unbecoming downtrend. Alas, poor XRP never did recapture that $3 glory.
Don’t shoot the messenger. 🕊️
Your beloved Beanie Baby/Pet Rock crypto is sporting a classic complex H&S top. This could become bullish if3.0 is exceeded, otherwise the implications are a decline to1.07. If you’ve an issue with this, take it up with Magee and Edwards. $XRP— Peter Brandt (@PeterLBrandt) March28,2025
For Brandt, the stakes are clear: if XRP fails to break the $3 barrier and enter bullish territory, it’s facing a rather dramatic plunge to $1.07. That’s a decline so steep it could give even the most seasoned trader vertigo. With XRP’s market cap at a hefty $121 billion, such a fall would mean a staggering $60 billion disappearing faster than a magician’s assistant.
To put that into perspective, it’s like wiping out the entire market cap of Solana. Whether this prediction will materialize and turn XRP holders’ dreams into a rather unpleasant reality is, as they say, anyone’s guess.
But according to our man Peter Brandt, the possibility is as real as a bad hangover after a night at the theatre. 🎭🥂
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2025-03-29 16:02