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Crucial XRP Price Update: Veteran Trader Peter Brandt Predicts Major Price Turn
In a recent statement, renowned trader Peter Brandt has sparked concerns among XRP investors. According to his analysis, if XRP breaks above $3, it would signal the start of an upward trend. However, if this does not happen and instead declines below the neckline, the implications will be catastrophic.
In this scenario, the price is expected to plummet to $1.07, which is nearly 50% lower than the current market value. With XRP’s massive market capitalization of $121 billion, such a decline would result in a staggering loss of approximately $60 billion. To put this into perspective, Solana’s entire market capitalization is only $64 billion.
As Peter Brandt emphasizes, breaking above $3 is the sole condition that can activate bullish mode. Failure to do so will lead to a drastic downfall, potentially wiping out nearly half of its current value. The stakes are high, and investors would be well advised to carefully consider this development before making any rash decisions.
This article was written by Tomiwabold Olajide
Source: https://u.today/crucial-xrp-price-update-veteran-trader-peter-brandt-predicts-major-price-turn
