Veteran Trader Peter Brandt Raises Expectations for XRP, Suggests It Could Surge to $4.4

Veteran trader Peter Brandt has raised significant expectations for XRP, the third-largest cryptocurrency by market cap, with his recent analysis suggesting that the coin could surge as high as $4.4.

Veteran trader Peter Brandt has raised significant expectations for XRP, with his recent analysis suggesting that the coin could experience a price surge as high as $4.4. This outlook is based on the identification of a bull flag pattern on XRP’s daily chart, a technical formation that many traders believe signals a potential for a substantial price breakout.

A bull flag typically emerges following a sharp price increase, which is then succeeded by a period of price consolidation within a parallel or slightly descending channel. This pattern often indicates that the cryptocurrency is preparing for a continuation of its bullish trend once it breaks above the resistance level, which is usually defined by the upper boundary of the flag.

In the case of XRP, the price action appears to be unfolding precisely as the bull flag suggests. After experiencing a brief rally that peaked at $3.1553, XRP retraced its gains but has maintained a solid structure that traders are keeping a close eye on. According to Brandt's projections, once the coin breaks the upper boundary of this flag, it could propel XRP into a 15% rally, bringing it to around $3.5487. In a more optimistic scenario, Brandt anticipates that XRP could surge by 43%, reaching a price target of $4.3954.

Several other notable analysts have also highlighted the bull flag formation on XRP's chart, adding further credibility to the overall positive outlook for the cryptocurrency. A popular analyst, known as Disrupt Yourself, shared a similar viewpoint, emphasizing the bullish setup on XRP’s 3-hour chart and speculating that the coin could surge to $3.9 following the breakout.

Moreover, another analyst, Cryptodanovic, further supported this analysis, stating that XRP is still trading within the flag structure and could experience a sharp rally toward $4.8 once the breakout occurs. The alignment of these expert predictions strengthens the belief that XRP could be in for a substantial price move, potentially outperforming many other cryptocurrencies in the market.

As institutional momentum builds, more investors are likely to turn their attention toward XRP, further driving up its demand and potentially accelerating its price growth. This backing from established financial players could give XRP the necessary impetus to break out of its current price range and set new all-time highs.