Brandt's XRP Chart Analysis: A Decade-Long Narrowing Structure

XRP's price has been consolidating near $1.51 over the past 24 hours, with veteran chartist Peter Brandt highlighting a decade-long narrowing structure in its chart.

Brandt argues that this technical setup alone could justify investing in XRP, regardless of any Ripple partnership news or regulatory catalysts.

However, he also emphasizes that his view is not unconditional support for the asset and remains skeptical about XRP's value proposition, questioning why its transactional nature should make it valuable.