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Legendary Trader Peter Brandt Spots Important Bullish XRP Pattern
Renowned trader and analyst Peter Brandt has once again caught the attention of the cryptocurrency community by spotting a potential bullish pattern in Ripple’s (XRP) price action. In his latest tweet, he mentioned that he had spotted an important bullish continuation pattern in XRP.
For those who may not be familiar with Peter Brandt, he is a well-known trader and founder of Factor LLC, a firm that provides financial analysis and market insights to institutional investors. He has been following the cryptocurrency market closely and has made several accurate predictions about various coins, including Bitcoin and Ethereum.
In his recent tweet, Peter Brandt pointed out an inverse head-and-shoulders pattern in XRP’s price chart, which is considered a bullish reversal formation. He emphasized that this is a significant development for XRP and the crypto space as a whole.
This comes at a time when XRP has been experiencing significant volatility, with prices plummeting by more than 50% in just a few days. The news of Binance announcing it will be leaving the Ripple ecosystem was seen as one of the primary catalysts for this price drop.
It’s worth noting that, while Peter Brandt is a highly respected and experienced trader, his views should not be taken as investment advice without further confirmation from other credible sources.
Source: u.today
