Veteran Trader Peter Brandt Says XRP Is Possibly Set to Blast Off

Veteran trader Peter Brandt has stirred excitement across the crypto community with a now-deleted post on X, where he remarked that XRPUSD is “congesting on the monthly and weekly charts, ready to possibly blast off.” The comment, paired with a technical chart, hinted at a major breakout looming for XRP as it compresses within a classic wedge structure. Brandt, known for his decades-long experience in commodities and market charting, has historically been critical of XRP. However, his recent shift in tone follows his previous acknowledgment of a bullish wedge on the XRP chart, calling it “the most powerful chart in all of crypto.” This newfound optimism has caught the attention of both technical analysts and long-time XRP holders. Technical Setup Suggests Imminent Breakout XRP’s current structure on the weekly and monthly charts shows a prolonged period of price consolidation, a sign often interpreted as the calm before a major price move. According to Brandt’s earlier analysis, XRP appears to be forming a bullish wedge or flag pattern, both of which typically precede upward breakouts. In particular, Brandt previously identified a “Half Mast Flag” pattern, a formation that often leads to price surges equal to the size of the prior rally if confirmed. Peter Brandt says $XRP is ready to Possibly blast off. pic.twitter.com/GO6DIQCtZc — TheCryptoBasic (@thecryptobasic) July 11, 2025 On the weekly chart, XRP has been trading within a narrowing band between $2.10 and $2.30, forming higher lows and facing consistent resistance just below $2.34. Should XRP break decisively above that threshold, it could ignite a fresh leg upward toward the $3.00–$5.00 range . XRP Market Update: Current Price and Sentiment As of report time, XRP is trading at $2.80, with intraday movement between $2.44 and $2.81. This marks a strong continuation of its 2025 rally, driven by renewed investor interest and sustained whale accumulation. Over 610 million XRP, worth more than $1.3 billion, has been scooped up by large holders in recent weeks, signaling high conviction among institutional investors. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Adding to the optimism is growing anticipation for an XRP spot ETF. Following the SEC’s approval of Grayscale’s GDLC fund , analysts now estimate a 95% likelihood that XRP will be included in an ETF offering soon , further legitimizing the asset in traditional financial circles. Risk of Pullback Still Looms Despite the bullish setup, XRP is not without its risks. On the daily chart, technical indicators such as the Stochastic RSI are flashing overbought signals—conditions that historically precede short-term corrections. Should XRP fall below the $2.00 support zone, the price could retrace toward the $1.00 mark, invalidating the bullish wedge thesis in the near term. Peter Brandt’s deleted post may have vanished from X, but the message resonates: XRP is at a pivotal moment. Long-term chart structures point to an impending breakout, supported by strong fundamentals and institutional momentum. However, the short-term remains fragile, and traders should watch key resistance at $2.34 and support at $2.00 closely. If the breakout comes, XRP may very well be on the verge of the “blast off” Brandt hinted at. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Veteran Trader Peter Brandt Says XRP Is Possibly Set to Blast Off appeared first on Times Tabloid .

Source: TimesTabloid