Legendary Trader Peter Brandt Names Bullish XRP Target

Key Summary

Veteran trader Peter Brandt has set a potential price target for XRP at $2.16, citing an emerging technical formation that could lead to a bullish price target. However, Brandt notes that the formation is poorly formed and abbreviated, and that XRP faces a significant obstacle in its overhead supply. He compares XRP to other major cryptocurrencies, including Monero and Solana, which have already worked through their overhead supply.