The post Peter Brandt Predicts XRP Price Will Go “Up Up Up” appeared on BitcoinEthereumNews.com.

Veteran trader Peter Brandt has given a bullish outlook on XRP price, suggesting this rally could continue to rise in the coming months, buoyed by the Bitcoin price rally to a new ATH today. His prediction follows a period of consolidation, during which the price has remained steady above key support levels. Peter Brandt Breaks Down XRP Price Trend Currently, XRP price is trading around $2.60, having broken out of a wedge structure that had been capping the price for months. Peter Brandt pointed out that the XRP price is consolidating in a tight range before the continuation of an upward trend. As of press time, XRP price was trading at $2.77, a 13% surge from the intraday low of $2.47. He notes that this period of sideways movement is not a sign of a top, but rather a pause before the next leg up. According to Brandt, the price is likely to move higher as the consolidation phase comes to an end. Source: X Brandt’s analysis shows that there has been a strong impulse move followed by the current sideways action. According to him, this tendency indicates the continuation, but not the reversal of the tendency. The price is trading above the old resistance level of $2.35-$2.40, which now serves as a support line. Additionally, the volume supports this price action, suggesting that it is not a false breakout. During the rally, derivatives market data have reflected the positive sentiment with XRP’s open interest climbing by 22.31%, to $7.12 billion, and volume surging by over 236% to $29.85 billion, as per Coinglass. Source: Coinglass The rise to $7.12 billion comes just two days after XRP’s open interest surged to around $5 billion, matching its January high. This came following speculations that ProShares XRP ETF could launch soon. Technical Indicators…

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Filed under: News - @ July 12, 2025 7:26 am