Brandt Identifies Technical Patterns Pointing To XRP Growth
Renowned trader Peter Brandt has presented a bullish technical outlook for XRP, identifying a “massive coil” pattern that often signals a sharp breakout.
XRP recently surpassed its 2023 high, a key milestone indicating strong market momentum. Brandt also pointed to the 2021 high as a critical resistance level, with a potential breakthrough suggesting further price gains.
Despite this analysis, Brandt clarified he does not hold XRP and remains focused on Bitcoin (BTC) and Solana (SOL), maintaining skepticism toward Ripple. XRP’s market outlook is further influenced by legal developments and speculation of regulatory changes under President-elect Donald Trump, fostering optimism among investors.
Clever Robot News Desk 20th November 2024
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