xrp-ripple

XRP Bulls Eyeing $4.4 as Peter Brandt Predicts Breakout to New Highs

The XRP ecosystem is radiating bullish momentum as macroeconomic factors align in its favor. The latest catalyst fueling optimism is Grayscale’s move to join the XRP exchange-traded fund (ETF) race, signaling increased institutional traction toward the third-largest cryptocurrency by market capitalization. This development has stirred anticipation regarding potential approval, adding to the growing enthusiasm in the market.

XRP’s Intraday Rally and Market Sentiment

XRP responded positively to the ETF-related news, surging to an intraday high of $3.1553 before facing a pullback. Despite the temporary retracement, renowned market expert Peter Brandt remains optimistic about XRP’s future trajectory. While acknowledging that he is not personally invested in XRP, Brandt highlighted a bullish flag pattern on the asset’s daily chart, suggesting an impending breakout to new highs.

Bullish Flag Pattern Points to Explosive Gains

Brandt’s technical analysis indicates that XRP could soon witness significant upward momentum. The flag pattern, a widely recognized bullish continuation signal, suggests that a breakout could propel XRP toward $3.5487 (a 15% rally) and subsequently to $4.3954 (a 43% surge). His projection aligns with his earlier forecast of XRP reaching $4.6 based on a half-mast flag formation.

Other market analysts have echoed Brandt’s bullish outlook. Crypto strategist “Disrupt Yourself” identified a similar flag formation on XRP’s three-hour chart, predicting a breakout rally to $3.9. Additionally, analyst Cryptodanovic reaffirmed this perspective in an X post, forecasting an upswing to $4.8 once the pattern confirms a breakout.

Current Market Performance

At the time of writing, XRP is trading at $3.0769, reflecting a 2% dip in the last 24 hours. While short-term fluctuations persist, the overarching sentiment remains highly bullish. With institutional interest on the rise and technical indicators favoring an uptrend, XRP appears poised for a substantial rally in the coming weeks.

Also Read: XRP Faces Drop in Payment Volume But Surges in DEX Activity: Can a $4 Rally Be Achieved?

As traders and investors keenly watch for a breakout, all eyes remain on whether XRP can sustain its bullish trajectory and reclaim new all-time highs.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

About The Author

DogeCoin (DOGE) Previous post Dogecoin (DOGE) Price on Edge: Analyst Predicts 1,040% Rally to $3.80 in 2025
Solana Coins Next post Solana (SOL) Price Breakout Looms, Will It Surge Past $420 Amid Bullish Momentum?