Is XRP about to break out? Peter Brandt predicts a market cap of $500 billion!

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XRP may be poised for a massive surge, with a market cap breaking $500 billion! Renowned trader Peter Brandt recently shared his deep insights on the price trend of XRP in a post on X, highlighting that a flag pattern is forming on the XRP chart, which may indicate a continuation of its upward momentum.

Flag Pattern: A Bullish Signal in the Crypto Market

The flag pattern is a market continuation signal that typically suggests that prices will resume their prior upward trend after a brief consolidation. For XRP, this means that the cryptocurrency may see another rise. Brandt pointed out that XRP needs to complete this pattern within the next six weeks, or else the pattern may fail and transform into something else, likely turning bearish.

$500 Billion Market Cap: Potential Surge of 357% After Breakout

If XRP completes the flag pattern and breaks the upper trend line, the current market cap of approximately $139.72 billion for XRP could skyrocket to an astonishing $500 billion. This implies that the price of XRP could soar to around $8.70, nearly double its all-time high.

Whether XRP can achieve this prediction remains an open question, but it is undoubtedly becoming the focus of the market and may present a significant investment opportunity!

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