Following Donald Trump’s victory, the cryptocurrency market, especially XRP Coin, experienced a major rally. With XRP’s price movement above $1, famous trading expert Peter Brandt pointed out that the market value of this asset has formed a formation that could reach half a trillion dollars.
Peter Brandt Predicts $500 Billion for XRP Coin!
As you follow on Kriptokoin.com, XRP Coin made a big rise in late 2024. However, this may only be the beginning. Famous analyst Peter Brandt stated in a post on January 7 that if XRP completes the "half flag" bullish formation, its market value could reach $500 billion.
Brandt said that this bullish formation needs to be resolved within six weeks in order to remain valid. According to the analyst, if the formation is completed successfully, XRP could reach a market value of $500 billion. However, if the formation takes a long time to occur, this situation may lose its importance or turn into a different structure. Brandt made the following statement on the subject:
“This flag on XRP needs to be completed and rolled soon, otherwise it will most likely turn into something else. But if it is completed, a market cap of $500 billion is possible.”
The analysis recognizes that XRP has been experiencing a period of consolidation following a major rally. The decline in trading volume during this consolidation period is consistent with typical flag formation behavior. It also points to the potential for continued bullish activity. If XRP breaks out of this formation, the $500 billion market cap target would be achieved by measuring the peak of the initial rally and applying this level to the breakout point. In this case, if XRP’s market cap reaches the target, the price is expected to be just below $9.
Possible 470% Breakout for XRP Coin!
Meanwhile, veteran analyst Ali Martinez announced that he expects an explosive move for XRP Coin on January 6. According to the analyst, the price of XRP could surge by 470%. Martinez noted that the supertrend indicator on the 12-hour chart of XRP has risen again, and this signal suggests the possibility of a major price increase for XRP. The last time this indicator appeared, XRP saw a significant increase of 470%.
This formation can help traders predict potential changes in market direction. Currently, XRP Coin is trading at around $2.32. If similar historical events repeat, bullish momentum is expected to push prices significantly higher.
