XRP’s price could see a massive 100x rally in the near future, according to veteran trader Peter Brandt. In a recent post, Brandt shared a chart showing a bullish wedge pattern on XRP’s weekly chart, hinting at price growth well into 2025.
However, his daily chart suggests a potential correction from the local top of $2.73 before any further rise. Brandt previously pointed out that XRP may be forming a “Half Mast Flag” pattern.
If this pattern plays out, he believes the price could skyrocket, matching previous price gains. While these patterns often signal a strong move, it’s not guaranteed that upward momentum will continue.
Adding to the bullish outlook, crypto analyst Credible Crypto highlighted XRP’s strong market structure in a recent video. He believes XRP is showing one of the clearest bullish impulsive structures across all timeframes.
According to Credible, XRP could soar by up to 1,295%, potentially reaching new all-time highs. He predicts a price surge to $4 or higher, with a blow-off top that could push XRP to $20-$30.
Despite recent volatility, XRP’s long-term potential remains strong. It’s currently 36.3% below its all-time high from 2018, but the fully diluted valuation has reached $216.24 billion, indicating growing confidence in its future.
As Ripple continues to innovate, investors are closely watching XRP for the next big move.
Also Read: Ripple to Unlock 1 Billion XRP from Escrow on January 1, 2025
