Peter Brandt’s New XRP Price Prediction Suggests Unbelievable All-Time High

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As a seasoned analyst with over three decades of experience in the financial markets, I have seen my fair share of market surprises and trends that defied conventional wisdom. However, the current surge in XRP‘s price performance has left me somewhat bewildered yet intrigued.

For several weeks now, the performance of XRP’s price has been a hot topic in the cryptocurrency market. As we enter a new month, the value of this well-known digital currency has climbed over $2.50; since November, it has seen an astounding 368% increase, and its market capitalization has soared to an impressive $137 billion. It’s hard to imagine, but just a month ago, such a feat seemed unlikely. Today, XRP is once again among the top three digital assets in terms of market cap, trailing only Bitcoin (BTC) and Ethereum (ETH). Notably, it surpasses Solana (SOL) and USDT by Tether, the most widely used stablecoin.

A multitude of cryptocurrency market participants were taken aback by this outcome, leading many to reevaluate their perspectives. Currently, there’s a buzz in the media about potential price predictions for XRP, as its all-time high from 2018 was only around $1, yet its market capitalization has already reached record levels.

XRP to $24

Venerable trader Peter Brandt, with nearly five decades of experience in financial markets, also weighed in on XRP. Previously, he had shown reservations towards it, but recently, his forecast for the well-liked digital currency presents an exceptionally optimistic view.

— Peter Brandt (@PeterLBrandt) December 1, 2024

According to the published chart by the experienced trader for XRP, he projected his expectations, specifically pointing out the instance where the token’s price surpassed a flexible resistance around $0.92, subsequently soaring higher. Examining Brandt’s graph, it seems that the trader anticipates this breakout might lead to the price of XRP potentially reaching up to $24 per token.

Given these circumstances, it’s quite questionable whether XRP could attain a market cap of approximately $1.37 trillion, as such a figure would place XRP among the top eight most valuable companies globally, surpassing Tesla and disrupting the current rankings. Could this scenario realistically unfold?

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2024-12-02 13:20