Hold your horses, folks! XRP has just thrown a spectacular curveball, forming something known as the “dramatic and highly rare continuation compound fulcrum” (try saying that five times fast)! What does that mean for our wallets? Well, legendary trader Peter Brandt seems to think this little beauty might just send XRP’s price rocketing up to a jaw-dropping $4.40. Yes, you heard that right—$4.40! 🚀
Now, Peter Brandt, in his most recent tweet (which probably had a few people clutching their pearls), said that after a cheeky false breakout in April, the XRP chart has managed to pull off a *compound fulcrum*, which, according to him, is like spotting a unicorn in the wild—*extremely rare*, and it could very well spell out a price of $4.40. Who’s excited? 🙋♂️🙋♀️
And wait, it gets even better! As long as XRP doesn’t decide to fall below this week’s low, Brandt’s prediction stays sky-high and *bullish*. He’s looking at the chart pattern as a “compound fulcrum,” which—brace yourselves—marks a bottom, and always, *always* pops up after a long, drawn-out decline. Talk about a dramatic comeback, right? 🏆
“Unless XRP closes back below this week’s low, I’m sticking to my guns,” Brandt boldly proclaimed. “This pattern is a compound fulcrum until proven otherwise!” I mean, who needs a crystal ball when you’ve got Peter Brandt? 🔮
Now, here’s the kicker. This pattern’s price target? A meaty $4.40, which is a 58% hike from the current price. It’s a breakout waiting to happen—*if* it happens. We’re talking about a massive surge from where XRP is right now. 📈
From Bearish to Bullish: The Chart Makes a U-Turn
In case you’re still picking your jaw up off the floor, let’s talk about the plot twist of all plot twists. Brandt’s been playing both sides of the coin—just last time, he was all doom and gloom with a bearish outlook on XRP. But now? He’s doing a full 180-degree spin. In another tweet, he explained that charts are like chameleons—always changing and sometimes throwing you a curveball. 🦎
“Charts are always morphing,” Brandt explained. “They might go from one pattern with one outcome to a completely different chart pattern with a completely new meaning.” Sounds like a plot twist in a mystery novel, doesn’t it? 📚
According to Brandt, even when chart patterns fail, there’s still something to learn from them. Remember that false breakout in April that looked like it might turn into a bearish Head & Shoulders pattern? Well, that got shot down faster than a kid’s ice cream cone on a hot day. 🍦
“Actually, a failed pattern has more significance than one that’s completed,” Brandt said. “Do you realize that XRP had a *completed* H&S top in early April? That quickly got erased like a bad memory.” Talk about a plot twist! 🎬
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2025-07-12 19:12