• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Peter Brandt: XRP Could Reach $500 Billion Market Cap

user avatar

by Giorgi Kostiuk

a year ago

Experienced analyst Peter Brandt made a bold prediction for Ripple, stating that the cryptocurrency's market cap could significantly increase.

Peter Brandt's Prediction

Peter Brandt, known for his successful analyses, claimed that XRP's market value could exceed $500 billion. Brandt noted that a flag pattern is visible on XRP’s weekly chart, and if completed within six weeks, it may lead to a breakout.

The half-mast flags must be completed within six weeks, otherwise they should be viewed with great suspicion.Peter Brandt

Current Situation of XRP

Brandt points out that XRP is at a turning point, consolidating within a flag pattern since a sharp rise last December. He believes XRP needs to gain upward momentum soon to successfully complete the current formation.

Potential Risks and Implications

The analyst warns that if the flag pattern is not completed timely, it could morph into a different formation, resulting in price declines. However, a successful completion could pave the way for a significant increase in XRP's market value.

Thus, the coming weeks present a crucial technical formation on XRP's chart, whose success could greatly enhance its value.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

SUI Blockchain Claims Quantum Safety Advantage

chest

SUI Blockchain claims to have a quantum safety advantage by utilizing the EDDSA algorithm, which is better suited for quantum threats compared to ECDSA. The team has developed a one-click upgrade for existing SUI addresses to become quantum-safe. SUI has gained recognition from Google and the Greek stock market for its flexibility.

user avatarBayarjavkhlan Ganbaatar

Experts Warn of Offshore Capital Flight Due to Stablecoin Interest Ban

chest

Experts warn of potential capital flight to offshore financial centers due to the proposed ban on stablecoin interest payments.

user avatarMohamed Farouk

Farcaster Announces $180 Million Refund to Investors Amid Operational Continuity

chest

Farcaster, a decentralized social protocol, announced it will refund $180 million raised from venture backers while remaining operational with over 100,000 funded wallets.

user avatarElias Mukuru

R3 Announces Institutional Yields on Solana

chest

R3 announces plans to offer institutional-grade yields on the Solana network, targeting high-value assets like private credit and trade finance.

user avatarMaria Fernandez

Farcaster Faces Scrutiny Over $180 Million Refund Decision

chest

Farcaster is under scrutiny after announcing a $180 million refund to investors, raising questions about its leadership and the challenges of scaling decentralized social networks.

user avatarKenji Takahashi

Experts Warn of Risks in EU's Potential Offloading of US Debt

chest

Experts discuss the feasibility and risks of the EU offloading US debt as a response to US policies.

user avatarGustavo Mendoza

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.