XRP Half-Mast Flag Pattern Signals Potential $502 Billion Market Cap

In a recent analysis, renowned market veteran Peter Brandt has predicted a potential surge in XRP’s market cap to an astonishing $502 billion.

This bullish outlook is based on the formation of a weekly half-mast flag pattern, a technical indicator that suggests a considerable upward movement. Brandt’s insights have sparked considerable interest in the cryptocurrency community, as XRP continues to show promising signs of growth.

XRP’s Half-Mast Flag Pattern: A Bullish Indicator

According to Brandt, the weekly half-mast flag pattern observed in XRP’s market cap chart is a strong bullish signal. “Half-mast flags should complete within six weeks, otherwise they should be viewed with great suspicion,” Brandt noted. This pattern, characterized by a sharp price movement followed by a period of consolidation, indicates a temporary pause before a potential breakout.

Historical Context and Recent Performance

XRP’s recent rally can be attributed to renewed interest following Donald Trump’s presidential election victory.

The cryptocurrency’s price skyrocketed from $0.50 in early November 2024 to a peak of $2.9 in early December 2024, representing a market cap of $165.74 billion. Since then, XRP has been consolidating within the flag pattern, with its price currently at $2.42, up 19.38% over the past week.

Potential for a $502 Billion Market Cap

Brandt’s projection of a $502 billion market cap for XRP would exceed its previous peak by over 200%. This would translate to an all-time high price of $8.74 per token.

If Ethereum’s market cap remains stable at $442 billion, XRP could surpass it, becoming the second-largest cryptocurrency. According to Benzinga, Brandt emphasized the importance of the flag pattern within the specified timeframe to maintain its reliability, reports CryptoBasic.

Peter Brandt’s bullish prediction for XRP has generated excitement among investors and traders. The potential for a $502 billion market cap highlights the significant growth prospects for XRP, provided the half-mast flag pattern completes as expected. As the cryptocurrency market evolves, enthusiasts and analysts alike will closely watch XRP’s performance.

What are your thoughts on Peter Brandt’s prediction for XRP’s market cap? Do you believe the half-mast flag pattern will lead to a significant breakout?

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