A close-knit trader who pinpointed the timing of Bitcoin’s collapse in January 2018 said the price of XRP was about to break into the stratosphere.
In a new tweet, Peter Brandt tells his 459,600 followers that after three years of consolidation, XRP has just broken out of a massive upward trend.
“If you do this, (I don’t) [XRP} is enjoying SEC (U.S. Securities and Exchange) ruling and the madness of crowds. Weekly chart head and shoulder patterns are too often not to [be] believed. But sometimes they come true. That possible inverted head and shriveled right shoulder shoulders would indicate that the prices for a boatload are higher (new all-time highs). XRP. “
If XRP is to follow Brandt’s script, it can soar at least 276% from its current value of $ 1.02 on its way to its all-time high of $ 3.84. The price of Ripple’s native fortune could be much higher as Brandt predicts a new all-time high for XRP.
The veteran trader’s tweet about the bullish breakout of the fourth largest cryptocurrency comes just days after highlighting that the XRP / BTC pair is showing a strong buy signal.
“This is known as the composite pivot point and can be a pretty strong buy signal. XRP / BTC. ”
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