Brandt Says XRP Needs No Blind Loyalty to Reach Long-Term Potential

Veteran chartist Peter Brandt has made a case for XRP's potential value based on technical analysis, rather than loyalty from its community. The current price of XRP is around $1.51, down 0.12% over the past 24 hours.

In a recent statement, Brandt highlighted long-term narrowing structures in the token's chart, which he believes could justify 'a bet' without relying on Ripple partnership news or regulatory catalysts.

However, Brandt remains skeptical about XRP's value, questioning why it should be valuable simply because of its transactional nature. He also flags the unclear supply of XRP as a concern.