XRP Price Surges as Peter Brandt Predicts $500 Billion Market Cap

XRP price has soared over 10% in the last 24 hours, fueled by bullish technical patterns and Peter Brandt’s optimistic market cap prediction. Could $3 be within reach?

XRP Price Breakout Signals Bullish Momentum

Veteran trader Peter Brandt’s prediction of a $500 billion market cap for XRP has ignited significant market enthusiasm. Brandt highlighted a bull flag breakout on XRP’s daily charts, signaling a strong upward trend.

On January 12, Brandt shared his analysis, calling XRP the “leader of the pack” and setting a short-term target of $3.4. With XRP currently trading above $2.50 and showing a daily high of $2.60, the market is primed for further gains, supported by a 75% spike in trading volume.

Whale Activity and Regulatory Tailwinds

Adding to the bullish sentiment, notable whale movements have been observed. Whale Alert reported 24 million XRP worth over $60 million transferred from Upbit to a private wallet. Ripple also moved 300 million XRP, fueling speculation about strategic developments.

The potential approval of an XRP ETF adds another layer of optimism. Nate Geraci, president of the ETF Store, predicts favorable odds for approval this year. Ripple’s CEO, Brad Garlinghouse, highlighted progress with the RLUSD stablecoin launch and partnerships like Bank of America’s integration of XRP for internal transactions.

The legal landscape for Ripple is also improving. Experts believe the incoming Trump administration and possible leadership changes at the SEC could lead to a favorable resolution of Ripple’s lawsuit.

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