Featured image created with DALL.E, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Renowned technical analyst Peter Brandt stirred up the XRP community on January 30 by posting a daily price chart (XRP\/USDT) suggesting a \u201cbull flag\u201d continuation pattern. Brandt, whose reputation in charting spans decades, highlighted $4.39541 as the upper price objective based on the current market structure. \u201cHey 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\u2019ve 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,\u201d Brandt remarked. XRP Bull Flag Formation From the analyst\u2019s vantage point, XRP rallied sharply earlier in January, pushing above $2.6040 before topping near $3.2140. Once this peak formed, the market entered a brief pullback, creating a series of lower highs and lower lows\u2014visualized by descending trendlines on Brandt\u2019s chart. This consolidation resembles a textbook bull flag, a pattern typically interpreted as a pause in an ongoing uptrend. Brandt\u2019s projected breakout could target the next prominent overhead region near $3.5487, with his ultimate bullish objective in the vicinity of $4.39541. These levels\u2014shown by green lines on the chart\u2014indicate possible resistance areas if XRP extends its rally upon confirming the flag\u2019s upper boundary. Two moving averages are visible on Brandt\u2019s chart: The 8-day moving average (green line) is currently hovering just above $3.00. It is helping to define short-term support levels. The 18-day moving average (orange line) is sloping upwards from below $2.70 and reinforces the broader uptrend in play. Meanwhile, the ADX reading of 17.05 suggests that the overall trend strength is moderate, leaving room for greater momentum if price breaks decisively from the flag. A 30-day Average True Range (ATR) value near 0.2135 underscores the daily volatility, which has risen compared to earlier phases but remains contained relative to some high-beta alternative coins. Brandt\u2019s post sparked discussion among traders, including HTL-NL (@htltimor), who noted bullish confirmations using Wyckoff analysis. \u201cUsing Wyckoff, it looks good too. Of course, if $TC takes a dive, everything suffers, but it’s one of the better looking alt charts atm,\u201d he stated. Brandt replied with approval, stating \u201cGood confirmation from a good source.\u201d According to the Wyckoff-based chart shared by HTL-NL, XRP has been tracing a series of classic phases\u2014Beginning with the Automatic Rally (AR) after a Selling Climax (SC), followed by multiple Secondary Tests (ST), and culminating in what appears to be a Sign of Strength (SoS). The SoS label often marks the point at which demand decisively overcomes supply, with price pushing above a key resistance level and maintaining support above previously tested zones. This behavior is further supported by volume signatures that show interest resurging during rallies and diminishing on pullbacks. In Wyckoff terms, a successful SoS within a re-accumulation structure typically paves the way for continued upside. The blue line labeled \u201cBUEC\u201d (Back Up to Edge of the Creek) suggests XRP has already retested its last major resistance as support. Should it hold these levels and confirm the SoS, Wyckoff analysts would anticipate a drive toward higher targets, aligning with Brandt\u2019s bullish flag projection. At press time, XRP traded at $3.09. Featured image created with DALL.E, chart from TradingView.com<\/p>\n","protected":false},"author":571,"featured_media":687541,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[89561],"tags":[17269,4531,92767,83637,13172,15883,15573],"class_list":["post-687444","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-xrp-news","tag-peter-brandt","tag-xrp","tag-xrp-chart-analysis","tag-xrp-news","tag-xrp-price","tag-xrp-price-analysis","tag-xrp-technical-analysis"],"acf":[],"yoast_head":"\n
Get Ready: XRP Set To Skyrocket To $4.39, Says Trading Guru<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n