XRP Market Value Could Skyrocket 5X If This Trading Pattern Completes, Says Veteran Trader Peter Brandt

Legendary trader Peter Brandt predicted a possible $500 billion market cap for payments-focused cryptocurrency XRP (CRYPTO: XRP) on Monday if certain trading patterns come to fruition.

What Happened: Brandt, a seasoned technical analyst with nearly 50 years of experience, highlighted the significance of XRP’s ‘half mast flag’ trading pattern in an X post.

“Half mast flags should complete within six weeks, otherwise they should be viewed with great suspicion,” Brandt said.

He cautioned that if the pattern is not completed in this timeframe, it could morph into “something else,” hinting at an uncertain outcome.

“But if it completes, then a market cap of $500 billion is possible,” the veteran trader predicted.

Full story available on Benzinga.com