While XRP experienced an unprecedented rally in the last 3 years, exceeding $1, after Trump's election, experienced analyst Peter Brandt claimed that the XRP price is ready for a parabolic rise.
XRP Ready to Rally!
Analyst with 50 years of experience Peter Brandt explained that another rally could soon follow XRP’s break above $1 and what needs to happen for this rise.
Stating that a large coil has formed on the XRP price chart, Brandt said that this coil pattern indicates a bullish outlook for XRP.
The analyst also added that XRP’s fundamentals are strong and it is currently trending upwards thanks to several developments.
Brandt said that if XRP surpasses its 2021 peak amid positive developments and bullish trends, the price could rise significantly.
Accordingly, if XRP breaks the $1.96 resistance level it reached in April 2021, a major rally could be triggered.
XRP, which has increased by 72.8% in the last week, continues to be traded at $1.1 with a 3.7% decrease in the last 24 hours.
*This is not investment advice.