Legendary chart trader Peter Brandt anticipates a bullish surge in XRP's price, potentially reaching $2.70, representing a 24% increase from its recent price of $2.19. This follows Ripple's DeFi strides and new partnerships, fueled by XRP Ledger's smart contract capabilities and regulatory victories.
Legendary chart trader Peter Brandt recently shared a bullish wedge pattern suggesting another leg up for XRP ’s price to above $2.70. The average exchange rate in US dollars for XRP on Saturday, Dec. 28, was $2.19.
Ripple made some waves to start the year when XRPL developer Wietse Wind settled some misconceptions about the platform. The developer who started the XRP Ledger for decentralized finance using XRP tokens Wind also blasted through the FUD around regulatory threats to XRP’s economy with a recap of Ripple Labs’ decisive victories against the US Securities and Exchange Commission in the US District Court Southern District of New York.One of the key supports for continued, robust growth in XRP’s market valuation is its aggressive expansion into new business partnerships around the world and new integrations with support for XRP on other blockchain networks like Ethereum.
That’s similar to the Bitcoin ETFs and Ether ETFs that the SEC greenlit on Jan. 11 and May 23. The difference between an ETF and a trust, however, is that the former are open funds, and the latter are closed-ended.
XRP Peter Brandt Bullish Pattern Rally Ripple Defi Smart Contracts Regulatory Wins XRP Ledger
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