Brandt: No Cult Required for XRP, Charts Are Enough
Peter Brandt says technical charts alone justify XRP ownership, no cult membership needed. Whale accumulation and ETF inflows bolster bullish case.
Peter Brandt says technical charts alone justify XRP ownership, no cult membership needed. Whale accumulation and ETF inflows bolster bullish case.
Large XRP holders bought 470 million tokens worth $724 million in five days, while spot ETFs extended inflows, putting the $1.60 resistance level in focus.
Bitget lost $357 million in a hack where attackers forged transfer details, not stolen private keys. CEO Gracy Chen says North Korean hackers likely…
XRP flashes three bullish signals from holders, derivatives, and ETFs, though October has historically been weak for the token.
Attackers stole nearly $20 million in XRP from thousands of D'CENT App Wallet users across six waves between September 15 and 20.
Veteran trader Peter Brandt projects XRP to $5.40 and Ethereum to $8,600 but warns charts are not trade recommendations.
XRP gained over 8% as a crypto short squeeze and new Ripple developments drew market attention.
XRP inflows to Binance surged 663% above average, but reserves rose just 0.22%, signaling repositioning. Whale accumulation continued.
XRP rose 7% to $1.39 after CLARITY Act failure and Fed rate hike; key level at $1.41.
XRP trades around $1.30 as futures open interest drops, with key support at $1.26-$1.28.
XRP's two-week RSI fell to a record low near 33.5, sparking debate over whether the token has found its cycle bottom.
XRP rose above key moving averages on Thursday, but weak funding rates and cautious on-chain signals left traders unsure whether the recovery can hold.
Standard Chartered initiated Arbitrum coverage with a $10 target for 2030, projecting ARB could rise 66-fold from current levels.
Ripple and MicroStrategy said the CLARITY Act's Senate defeat did not alter XRP or Bitcoin's legal standing, citing court rulings and regulatory guidance.
The US Senate failed to advance crypto market structure legislation, sending bitcoin lower as traders reacted to regulatory uncertainty.