Renowned trading expert Peter Brandt has identified a rare compound fulcrum pattern in XRP’s price chart, signaling potential for a major bullish reversal. This technical formation specifically points toward a projected surge to $4.40, representing a substantial 58% upside from current valuation levels.
The pattern’s significance lies in its emergence from a failed Head & Shoulders top structure, strongly indicating a shift in market sentiment from bearish to bullish. Confirmation of this setup hinges critically on XRP maintaining support above this week’s low price threshold, which would validate Brandt’s optimistic forecast for the asset.
Expressing firm confidence in the pattern’s implications, Brandt emphasized, ‘Everything I’ve come to know about [the pattern] says Up.’ The formation provides traders with clearly defined technical levels to monitor, offering a structured framework for assessing XRP’s near-term upward potential.