Market Legend Peter Brandt Predicts XRP’s Imminent Explosion—Here’s Why

XRP is coiled for liftoff—at least according to trading guru Peter Brandt. The veteran analyst, known for calling Bitcoin’s historic rallies, sees a perfect storm brewing for Ripple’s embattled token.

The Setup:
After years of regulatory purgatory, XRP’s chart patterns mirror previous breakout moments. Brandt’s track record suggests this isn’t just hopium.

The Punchline:
While Wall Street hedgies fight over ETF crumbs, a sleeping giant in payment rails might just wake up. (Cue the usual crypto disclaimer: past performance ≠ future results—especially when the SEC’s involved.)

XRP 1M Chart | Peter Brandt Importantly, it indicates that the market is catching its breath before the next leg up. Right now, XRP holds steady above its 8-month simple moving average, which continues to slope upwards and helps confirm the uptrend. Meanwhile, the technical indicators also paint a strong bullish picture. For one, the Average Directional Index (ADX) currently sits above 51, showing that XRP's trend remains powerful. Meanwhile, the Average True Range (ATR), which measures volatility, has dropped slightly. This is a typical behavior when markets pause before a bigger move. Analysts Expecting Massive XRP Upsurge Other crypto analysts share a similar outlook. For instance, well-known XRP chartist Dark Defender pushed back against the idea that XRP had formed a bearish head-and-shoulders pattern. 

XRP 1W Chart | Dark Defender He pointed out that XRP already reached the key Fibonacci extension level of $2.77 and believes the asset has entered a clear fifth wave breakout, based on Elliott Wave Theory.  Another market watcher, CryptoInsightsUK, highlighted that XRP recently broke out of a price range between $2.00 and $2.30. He explained that XRP now faces a key test near $2.60.  https://twitter.com/Cryptoinsightuk/status/1943601502817222884 A clean break above this level, in his view, could clear the way for a move toward $3.00 and possibly new all-time highs. Interestingly, XRP has already pushed past this resistance zone, showing that buyers remain firmly in control. Currently, XRP has climbed 24% in the past week and stands 26% higher so far in July, currently trading for $2.8 as it eyes the $3 mark. These gains come as the broader crypto market shows massive strength across, which adds fuel to XRP's recent rally. Recently, an analyst suggested that nothing exciting is happening until XRP breaches $3.84.