Peter Brandt Eyes XRP Breakout at $1.70 with Coffee Mug Chart
Veteran trader Peter Brandt has drawn attention with a new XRP chart featuring a coffee mug, referencing a well-known cup and handle pattern. The key level to watch, according to Brandt, is $1.70, which would serve as a breakout point if the pattern develops as expected.
Brandt, known for his market insights, has previously highlighted concerns about XRP's supply structure, adding a layer of caution to the current technical analysis. His chart has sparked interest among traders who follow his predictions.
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The article includes a standard investment disclaimer, reminding readers to conduct their own research before making financial decisions.