In a significant change of sentiment, noted technical analyst and commodities trader Peter Brandt has offered rare praise for XRP, describing the token as the current standout performer among its crypto peers. Brandt posted a daily XRP/USD chart on X (formerly Twitter) on Sunday, declaring: “Leader of the pack.”
In the same post, he underscored the importance of actual market conditions over mere forecasts, commenting: “I posted a chart last week that predicted. Prophecies mean nothing. Predictions are a dime a dozen. Positions count.” This statement underscored his core business philosophy that actual holdings are greater than speculation.
Brandt extended the olive branch to the XRP army
Brandt’s endorsement of XRP follows a key technical analysis he shared via X last week, in which he highlighted a potential “half mast flag” formation. At the time, Brandt emphasized that such patterns should be resolved within six weeks, warning that otherwise they become suspicious:
“Half-mast flags must be completed within six weeks, otherwise they must be viewed with great suspicion. This flag in XRP needs to rock and roll soon, or it will likely turn into something else TBD. But if it pans out, a market cap of $500 B is possible.
According to Brandt’s analysis, if the crypto asset has confirmed the half mast Flag patternThe asset could more than triple in value in the coming weeks. Notably, when the veteran trader made these comments, XRP’s market capitalization was around $138 billion, suggesting that a move toward a $500 billion valuation could be imminent.
As of this week, Brandt has seen a clear breakout from the flagged formation, which—if validated—would suggest his projection remains on track.
Brandt, who is a Vocal skeptic In previous years of XRP, on Sunday he surprised the community by what he raised has been told As an “olive branch” for XRP holders. After acknowledging previous criticisms, Brandt attributed his caution to his need to protect business capital, stating:
“Over the years I have taken some hard shots at you and your XRP asset. I admit my dishonesty. […] I am happy with your success right now. As a career trader, nothing makes me happier than seeing other bettors successfully climb the mountain. I would never belittle your success, just that your attitude of defending the 90% depreciates against a more stable asset.
He emphasized his long-held belief that traders should preserve capital by staying away from assets that, in his view, have a history of steep declines, particularly in relation to Bitcoin, which He considers the “repository of wealth” standard. Brandt described how, in 1981, he went “all-in” on futures trading with minimal initial capital, reinforcing the importance of capital protection:
“XRP has repeatedly lost 80%, 90%, 97% of its value to BTC over the years I believe”store of wealth‘ standard. …holding a 90% losing speculative asset against a more stable asset is the definition of insanity. […] My belief is based entirely on my approach to quickly cut losses and allow profitable trades in whatever assets I hold to grow. I will stand by that belief. And I stand by my belief that any asset that can regularly lose 80% or more against a more stable asset is a crazy way to build wealth.
Still, he made it clear that his criticism was mainly directed at what he described as Token’s “fierce, obnoxious” defense of the token amid extreme shortages, rather than the community’s personal efforts. The great businessman concluded:
“If you accept my olive branch, thank you for your kindness. If you simply reject it with rude or gross feelings, that is your choice. Rest assured that I have posted my last X about your precious XRP. I wish you the best with this property.
At press time, XRP traded at $2.45.
Featured image created with DALL.E, chart from TradingView.com
