XRP Could See Potential Upside to $4.40 Amid Rare Compound Fulcrum Pattern, Analyst Suggests
2025-07-12 15:56:56
Main Idea
XRP could potentially rise to $4.40 due to a rare compound fulcrum pattern identified by expert Peter Brandt, signaling a bullish reversal.
Key Points
1. Peter Brandt identified a rare compound fulcrum pattern on XRP's chart, suggesting a potential breakout to $4.40, a 58% increase from current levels.
2. The pattern involves a failed Head & Shoulders top, indicating a strong reversal in market sentiment.
3. Confirmation of the pattern depends on XRP maintaining above this week's low, which would validate Brandt's bullish projection.
4. Brandt expressed confidence in XRP's upward momentum, stating, 'Everything I’ve come to know about [the pattern] says Up.'
5. The setup provides traders with a clear signal to monitor key support levels, offering a basis for optimism in XRP's near-term prospects.
Description
XRP’s recent price action has formed a rare technical pattern known as a “compound fulcrum,” signaling a potential surge to $4.40, according to veteran trader Peter Brandt. This pattern emerges
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