#CryptoMarketDip
XRP Heading for $8 Trillion Market Cap? Analyst Peter Brandt Predicts Potential Spike
one of the largest crypto assets on the market, has the potential to reach a market cap of $8 trillion ($500 billion) if the bullish chart pattern observed by veteran analyst Peter Brandt proves correct. However, there is a risk that this pattern will fail if momentum is not maintained in the near future
“Half-Mast Flag” Pattern and XRP’s Potential Spike
Peter Brandt, a seasoned analyst with over four decades of experience in the financial markets, has identified a “half-mast flag” chart pattern on XRP. This pattern usually appears after a significant price surge followed by a brief consolidation, resembling a flag on a pole.
Brandt stated that if this pattern is successfully completed, XRP’s market cap could increase significantly, reaching a potential $8 trillion. “This pattern needs to show momentum soon, otherwise it could turn into another unpredictable pattern,” he wrote on social media.
However, Brandt also added that the “half-mast flag” pattern should ideally complete within six weeks. Otherwise, the reliability of the pattern decreases, and predicting a price surge becomes more difficult.
