Veteran trader Peter Brandt has set a bold prediction for XRP, suggesting the cryptocurrency could experience a massive 100x rally by 2025. In a recent post, Brandt shared a chart that illustrated a bullish wedge pattern on XRP’s weekly chart, signaling substantial price growth in the coming years.
However, Brandt also cautioned that a short-term correction might occur from the current local top of $2.73 before any significant upward movement. Previously, Brandt had identified what he believed to be a “Half Mast Flag” pattern on XRP’s chart, which could further influence the price trajectory.
XRP’s Long-Term Bullish Momentum
Should this bullish wedge pattern play out as anticipated, Brandt believes XRP could experience a dramatic surge, potentially mimicking past price movements. While such chart patterns often signal strong price rallies, he emphasized that there is no guarantee the upward trend will continue unimpeded.
In addition to Brandt’s forecast, well-known crypto analyst Credible Crypto has weighed in with an even more optimistic outlook. In a recent video, Credible highlighted XRP’s robust market structure, calling it one of the clearest bullish signals he has observed across various timeframes.
Credible’s prediction is even more aggressive: he forecasts that XRP could surge as much as 1,295%, reaching a price point of $4 or higher, with the possibility of a blow-off top pushing the cryptocurrency to between $20 and $30. This would not only bring XRP to new all-time highs but could mark a historic price milestone for the asset.
XRP’s Long-Term Prospects Remain Strong
Despite recent price fluctuations, XRP’s long-term potential continues to attract attention. The cryptocurrency is currently 36.3% below its all-time high from 2018, but its fully diluted market valuation has surged to $216.24 billion, a clear sign of increasing investor confidence in its future growth.
As Ripple Labs continues to develop new innovations and strengthen its position in the blockchain space, all eyes are on XRP, with investors and analysts eagerly awaiting the next major move in its price.
Related topics:
State-Level Bitcoin Reserves in the US: A Look at Texas, Ohio, Pennsylvania Bills
Japan’s FSA Steps Up: Demanding Stronger Internal Audits for Crypto Exchanges
Ethereum’s Retreat Amidst Crypto Market Red: A Deep Dive into Data and Trends
