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**XRP Forms Ultra-Rare Fulcrum, Is $4.40 Next?**
In a stunning turn of events, renowned trader Peter Brandt has announced that XRP has formed an “ultra-rare” pattern, which could catapult the price to an astonishing $4.40. This prediction comes after an upward trend in the market, with XRP rallying 25% and is now on the cusp of achieving a remarkable milestone.
According to Brandt’s analysis, the formation of this rare compound fulcrum suggests that all previous bearish signals have been invalidated. In fact, he emphasizes that charts are always morphing, which means chart patterns may sometimes fail. This crucial point highlights the importance of continuous monitoring and flexibility in market movements.
Brandt cites XRP’s recent false breakout in April as evidence that price action can be misleading, leading to unexpected outcomes. Following a failed pattern, the expert trader has concluded that there is more meaning in an unsuccessful setup than one that is completed.
XRP forms ultra-rare fulcrum
Source: u.today
