{"id":7299,"date":"2025-01-13T07:16:36","date_gmt":"2025-01-13T07:16:36","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=7299"},"modified":"2025-01-13T07:16:36","modified_gmt":"2025-01-13T07:16:36","slug":"xrp-lauded-as-leader-of-the-pack-by-legendary-trader","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=7299","title":{"rendered":"XRP Lauded As \u2018Leader Of The Pack\u2019 By Legendary Trader"},"content":{"rendered":"
\n

In a notable shift of sentiment, renowned technical analyst and commodities trader Peter Brandt has offered rare praise for XRP, describing the token as the current standout performer among its crypto peers. Brandt posted a daily XRP\/USD chart on X (formerly Twitter) on Sunday, proclaiming: \u201cLeader of the pack.\u201d<\/p>\n

In the same post, he underscored the significance of genuine market positions over mere forecasts, remarking: \u201cI posted a chart last week predicting it. Predictions mean nothing. Predictions are a dime a dozen. Positions are what count.\u201d This statement underlined his core trading philosophy that actual holdings outweigh speculation.<\/p>\n

Brandt Extends Olive Branch To The XRP Army<\/h2>\n

Brandt\u2019s endorsement of XRP follows up on a key technical analysis he shared last week via X, in which he highlighted a potential \u201chalf mast flag\u201d formation. At the time, Brandt stressed that such patterns should resolve within six weeks, warning that otherwise they become suspect:<\/p>\n

\u201cHalf mast flags should complete within six weeks, otherwise they should be viewed with great suspicion. This flag in XRP needs to rock and roll soon, otherwise it will likely morph into something else TBD. But if it completes, then market cap of $500 B is possible.<\/p>\n

According to Brandt\u2019s analysis, if the crypto asset confirmed the half mast flag pattern<\/a>, the asset could more than triple in value in the following weeks. Notably, when the veteran trader made these comments, XRP\u2019s market capitalization stood at approximately $138 billion, suggesting that an upward move to a $500 billion valuation could lie ahead.<\/p>\n

As of this week, Brandt has observed an apparent breakout from the flagged formation, which\u2014if validated\u2014would suggest that his projection remains on track.<\/p>\n

\"XRP<\/p>\n

Brandt, who has been a vocal skeptic<\/a> of XRP in prior years, surprised the community on Sunday by extending what he described<\/a> as an \u201colive branch\u201d to XRP holders. After acknowledging past criticisms, Brandt attributed his caution to his need to protect trading capital, stating:<\/p>\n

\u201cOver the years I have taken some hard shots at you and your XRP asset. I admit my rudeness. [\u2026] I joy in your success at present. As a career trader nothing makes me happier than to see other speculators climb the mountain successfully. I would never disparage your success, only your attitude of defending 90% declines against an asset with more stability.\u201d<\/p>\n

He emphasized his long-held belief that traders must preserve capital by shying away from assets that, in his view, have a history of precipitous declines, especially relative to Bitcoin, which he deems the \u201cstore of wealth\u201d standard. Brandt recounted how, in 1981, he went \u201call-in\u201d on futures trading with minimal initial capital, thereby reinforcing the importance of capital protection:<\/p>\n

\u201cXRP has repeatedly over the years lost 80%, 90%, up to 97% of its value to BTC which I consider to be the \u2018store of wealth<\/a>\u2019 standard. \u2026 Holding onto a speculative asset losing 90% against a more stable asset is the definition of insanity [\u2026]\u00a0My faith is entirely based on my approach to cut losses quickly and allow for profitable trades in whatever asset I\u2019ve held to grow. I will stand by that faith. And I stand by my belief that any asset that routinely can lose 80% or more against a more stable asset is an insane way to grow wealth.\u201d<\/p>\n

Nonetheless, he clarified that his criticism was directed primarily toward what he described as \u201cdogmatic, obnoxious\u201d defenses of the token amid extreme drawdowns, rather than the community\u2019s personal endeavors. The legendary trader concluded:<\/p>\n

\u201cIf you accept my Olive Branch, thanks for your graciousness. If you decline it with only rude or gross feelings, that\u2019s your choice. Be assured that I have made my last X post about your precious XRP. I wish you the best with this asset.\u201d<\/p>\n

At press time, XRP traded at $2.45.<\/p>\n

\"XRP<\/div>\n","protected":false},"excerpt":{"rendered":"

In a notable shift of sentiment, renowned technical analyst and commodities trader Peter Brandt has offered rare praise for XRP, describing the token as the current standout performer among its crypto peers. Brandt posted a daily XRP\/USD chart on X (formerly Twitter) on Sunday, proclaiming: \u201cLeader of the pack.\u201d In the same post, he underscored […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-7299","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/7299","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7299"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/7299\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7299"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}