I saw Peter Brandt's post about XRP, and it sparked quite a discussion in the community. The trader posted a chart of XRP's price with just two words: "No comment." That's all. Nothing more. But you know how it works—when a name like that says little, everyone starts reading between the lines.



From what I've observed, Peter Brandt suggests that the recent XRP rally could be a trap for newcomers. According to him, the true bullish breakout will only happen if the price surpasses $3.50. Below that level, everything remains fragile. It makes sense if you think about traders who bought at $2.50 or even $3 and might dump everything once they’re in profit.

As I write this, XRP is at $1.31 with a -0.68% change in the last 24 hours. The volume is around 30 million. Nothing particularly explosive right now, but the sentiment was different when Peter Brandt issued his warning.

It’s not just Peter Brandt being cautious. John Bollinger said something similar, emphasizing that XRP’s growth pattern appears weak compared to other assets. Yet, despite these warnings, the community remains optimistic. Someone even challenged Peter Brandt’s analysis, urging him to look more carefully at the context.

The point is this: if XRP manages to sustain the momentum and reach that $3.50 level which Peter Brandt considers crucial, then we could really see a solid rebound. If not, the risk of a downturn is real. For now, the situation remains uncertain.
XRP2,64%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin