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I just saw that Peter Brandt posted a very mysterious comment about XRP, and the community is buzzing. The guy only wrote "No comment" alongside a price chart, which obviously means he sees something he doesn't like.
For context, XRP has been bouncing strongly lately, but here’s the interesting part: Peter Brandt believes there’s still no real breakout. According to him, the coin needs to break above $3.50 to confirm a true bullish move. If it stays below that level, it’s at risk of falling again.
What Peter Brandt is probably suggesting is that many investors who bought lower might start selling to lock in profits. It’s the classic scenario where the price rises a bit, people take gains, and everything collapses.
Now, here’s the curious part: while Peter Brandt remains skeptical, other analysts like John Bollinger are also warning us not to get too excited. Both see weakness in the current pattern.
Currently, XRP is at $1.31, down 0.68% in the last 24 hours. The trading volume has moved to $30.17 million. We’ll see if it finally reaches that $3.50 level Peter Brandt mentioned or if the skeptics end up being right.