Veteran Trader Peter Brandt Says XRP Is Possibly Set to Blast Off

Key Points

1. Peter Brandt noted XRP is 'congesting on the monthly and weekly charts, ready to possibly blast off,' indicating a potential breakout from a bullish wedge pattern.

2. XRP's price has been trading between $2.10 and $2.30, with resistance near $2.34; a breakout above this level could push it toward $3.00–$5.00.

3. As of reporting, XRP was trading at $2.80, continuing its 2025 rally, with large holders accumulating over $1.3 billion worth of XRP.

4. Despite the bullish outlook, a drop below $2.00 could invalidate the breakout thesis, leading to a retracement toward $1.00.

5. Analysts estimate a 95% likelihood of XRP being included in an ETF following Grayscale’s GDLC fund approval by the SEC.