Legendary Analyst Predicts This Value for XRP Coin: Soon!

Legendary analyst Peter Brandt emphasized this situation in an X post on January 7. The analyst noted that $XRP could rise to a market value of $ 500 billion with a prediction that depends on completing the ‘half flag’ bullish technical formation.

Brandt explained that this bullish continuation formation must be resolved within six weeks in order to remain valid. The analyst suggested that if the formation is successfully completed, XRP will reach a market value of $ 500 billion. However, if the formation takes too long to occur, it is also possible that it will lose its importance. Another possibility is that it will transform into a different structure. In this context, the analyst made the following statement: "This flag in #XRP needs to wave and roll soon, otherwise it will probably turn into another TBD. However, if it is completed, a market value of $ 500 billion is possible."

The analysis accepts that XRP experienced a major rally followed by consolidation. The decline in trading volume during this consolidation is consistent with typical flag behavior. It also suggests that the uptrend is potentially continuing. If #XRP breaks out of this formation, the projected $500 billion market cap is obtained by measuring the height of the initial rally and applying it to the breakout point. Therefore, if XRP reaches its market cap target, the price will be just below the $9 mark.

Possible 470% breakout for XRP Coin!

Meanwhile, veteran analyst Ali Martinez predicted an explosive move for $XRP in an X post on January 6. In this context, the analyst said that the $XRP Coin price has the potential to rise by 470%. In this case, Martinez noted that the supertrend indicator on XRP’s 12-hour chart has once again turned bullish. The last time this important technical signal appeared, XRP saw an astonishing 470% increase. Thus, it indicated a significant rise in a short period of time.