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Sujit Kumar
Jan 7, 2025
by Sujit Kumar

Peter Brandt Predicts XRP Could Hit $502 Billion Market Cap

XRP Could Hit $502 Billion

Table of contents

  1. XRP Consolidates in Flag Formation
  2. What the Chart Says
Renowned market analyst Peter Brandt has shared a bullish outlook for XRP, suggesting its market cap could rise to $502 billion. Brandt's prediction is based on the formation of a weekly "half-mast flag" pattern, which he detailed in his recent market analysis.

XRP Consolidates in Flag Formation

Brandt's analysis highlights that XRP’s market cap reached a peak of $165.74 billion in December 2024, following a sharp rally fueled by renewed interest after Donald Trump’s presidential election victory. XRP soared from $0.50 ($28.13 billion market cap) in early November to $2.90, marking its all-time high.

Since that peak, XRP’s market cap has been consolidating within a triangular flag pattern. This structure, known as a “half-mast flag,” often signals a temporary pause in price action before continuing the prior trend.

What the Chart Says

The weekly chart shows a strong uptrend followed by a compression of price action within narrowing trendlines. The average directional index (ADX) reads 39.95, indicating that the bullish trend remains robust. However, volume has decreased during the consolidation phase—a common characteristic of flag patterns.

Brandt notes that flag patterns should resolve within six weeks for reliability. If XRP doesn’t break out soon, the pattern could lose its significance or evolve into a different structure. However, if the breakout occurs as expected, XRP’s market cap could potentially rise to $502 billion.

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
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Peter Brandt XRP Could Hit $502 Billion
Peter Brandt Predicts XRP Could Hit $502 Billion Market Cap
Sujit Kumar
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

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