Brandt Sees Breakout Potential for XRP Above $1.50-$1.55

Renowned trader Peter Brandt has expressed a cautious optimism about XRP's prospects. According to Brandt, if XRP decisively breaks above the $1.50 to $1.55 range, it could extend its gains and complete an inverse head-and-shoulders pattern. This view is notable, given Brandt's previous skepticism about XRP's fundamentals.

Brandt has stated that the chart alone provides a basis for a trade, despite his reservations about XRP's underlying value. If the token holds above the $1.50 to $1.55 zone, it could rise to between $2.05 and $2.10, according to the standard target for an inverse head-and-shoulders pattern.