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Peter Brandt Calls XRP Chart ‘Pure’ – Here’s Why

XRP price chart

Peter Brandt, a veteran dealer recognized for his chart evaluation, described the XRP chart as “pure” in a current publish. His remark referred to the asset’s long-term value motion, which has adopted clear and repeatable technical patterns.

Clear Structure in Multi-Year Chart

Brandt pointed to a symmetrical triangle formation between 2014 and 2017. XRP broke out of that sample in late 2017, which led to a value rally that peaked above $2. After this transfer, the asset entered a brand new section of sideways motion from 2018 to mid-2025, forming what seems to be an ascending wedge.

Notably, that construction additionally broke to the upside, taking XRP to a brand new all-time high of $3.65. At the second, the value is buying and selling slightly below the 200-week transferring common, close to $2.83. This degree is performing as resistance whereas the value consolidates.

Crypto analyst CrediBULL Crypto said the chart stays one of many strongest within the area.

“This has been my bias for some time and nothing has modified within the final 48 hours,” they wrote. They count on XRP to maneuver into double-digit territory earlier than the present cycle ends.

An identical view got here from EtherNasyonaL, who compared at the moment’s construction with previous cycles. In each circumstances, XRP broke a long-standing resistance and returned to retest an earlier assist space. “Don’t underestimate XRP,” the analyst stated, pointing to a constant upward development over time.

XRP price chart
Source: EtherNasyonaL/X

Trading Range and Key Liquidity Zones

XRP was priced at $2.45 at press time, down 6% previously 24 hours and 18% during the last week. Despite this, quantity knowledge reveals robust curiosity round $2.50, which is now a key value degree.

Cryptoinsightuk shared liquidity charts for XRP. The hourly chart reveals heavy purchase orders close to $2.20–$2.40 and promote stress round $2.60–$2.80. The day by day chart reveals the identical ranges, with the $2.50 zone being probably the most lively.

XRP’s current drop occurred as world markets settled, with much less aggressive discuss round commerce points. While short-term volatility continues, market watchers are monitoring how XRP reacts close to present ranges. The focus is on whether or not value can push by way of resistance to verify the longer development.

The publish Peter Brandt Calls XRP Chart ‘Pure’ – Here’s Why appeared first on CryptoPotato.

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