'Leader of the Pack': XRP Could Hit $500B Market Cap, Says Renowned Technical Analyst

In an unexpected pivot, veteran technical analyst and commodities trader Peter Brandt has publicly applauded XRP , naming it the premier performer among cryptocurrencies. Brandt took to X (previously known as Twitter) to share daily XRP/USD charts, declaring, “Leader of the pack.”

He emphasized the vital distinction between speculative forecasts and tangible market positions, stating, “Predictions mean nothing. Positions are what count.” This reveals a core tenet of Brandt’s strategy, valuing actual holdings over mere speculation.

A noteworthy addition to his endorsement came as Brandt re-evaluated a “half mast flag” pattern for XRP. Last week, he issued an analysis predicting potential value surge if the pattern resolves within six weeks. “Half mast flags should complete within six weeks, otherwise they should be viewed with great suspicion,” Brandt explained, cautioning that failure to do so could result in unpredictable shifts.

A resolved pattern, he suggested, would elevate XRP's market cap to $500 billion—a significant leap from its then $138 billion.

Brandt's current assessments indicate an apparent breakout from the flagged formation. Should this ability persist, his forecast appears robust. This marked a departure from Brandt’s prior skepticism of XRP, astonishing the crypto community with what he called an “olive branch” to XRP holders. Acknowledging former criticism, he admitted: "I've taken some hard shots at you and your XRP asset. I admit my rudeness."

Brandt underscored his skeptical stance by discussing his trading principles focused on capital protection, warning against holding assets prone to significant devaluation, especially in comparison to Bitcoin , which he regards as the "store of wealth" standard. Brandt shared insights from his own trading experience in 1981, emphasizing the importance of safeguarding capital: "XRP has repeatedly over the years lost 80%, 90%, up to 97% of its value to BTC. Holding onto a speculative asset losing 90% against a more stable asset is sheer folly."

While acknowledging the community's personal successes, Brandt clarifies his critique targets the unyielding defenses of XRP despite substantial downturns, not individual achievements.

He concluded with finality: “If you accept my Olive Branch, thanks for your graciousness. If not, that’s your choice. Be assured that I have made my last X post about your precious XRP. I wish you the best with this asset.”

At the time of reporting, XRP is trading at $2.45.