Peter Brandt to XRP Army: “If It Goes Up, I’m In!”

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Back in the day, when trading was a game for the toughest of the tough, there was a man named Peter L. Brandt. A man who’s been in the trading business since the disco era of the 1970s. And what did this wise, old silver fox have to say to the XRP community?

Well, he called them “XRP proppers” and shared some bullish XRP price predictions. But don’t be fooled, dear reader, for ol’ Petey doesn’t care a lick about which way XRP swings – up, down, or sideways. He just wants to ride the wave if it goes up and couldn’t care less if it heads south. He’s just here for the laughs, trolling the “poppers” with a grin on his face.

XRP: A Bull Flag in the Making?

Brandt took to the Twittersphere to say, “Hey XRP pill poppers, the chart looks like a bull flag to me. But, of course, things could change.” A Bull Flag, you say? That’s a pattern formed when an asset moves in a strong upward trend, followed by a consolidation period, where the price action forms a flag shape. And if the “bull” in the pattern is any indication, the XRP price is likely to continue rising once the consolidation phase is over.

Hey $XRP_pill_poppers
To be clear: I could care less what XRP is going to do. If it goes up I want to be long. If it goes down I’ve never shorted it, but prefer to troll the poppers.
No other way right now to define the chart other than a bull flag. Of course this could change

— Peter Brandt (@PeterLBrandt) January 30, 2025

Now, let’s not forget about Ripple, the decacorn stablecoin issuer. They’ve been busy minting Ripple USD (RLUSD) and injecting it into the cryptocurrency market. Just last year, they minted 77,208,201 RLUSD, backed by $83,214,671, mostly in US Treasuries. So, is RLUSD destined to become the gold standard for stablecoins? Only time will tell, my friend.

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2025-01-30 18:16