- XRP gains renewed attention after Brandt signals strong bullish technical structure.
- Breakout pattern emerges as XRP consolidates tightly near recent market highs.
- Traders monitor XRP momentum while Bitcoin strength boosts overall market confidence.
Market attention heightened around XRP after renowned trader Peter Brandt shared a chart that analysts linked to the Ripple-affiliated token. According to Brandt, XRP could perform quite well in the coming months. XRP trades at $2.20, based on the latest CoinGecko data, and this renewed interest comes as several major assets attempt to recover.
Bitcoin’s move back above $91,000 improved sentiment across the market and helped lift several altcoins. Consequently, XRP attracted fresh attention even though it remains nearly 40% below its all-time high recorded on July 18.
Technical Structure Draws Fresh Attention
Brandt’s shared chart featured a large symmetrical triangle that developed over several years. According to interpretations of his post, XRP broke above the upper boundary of the pattern, which signaled a bullish breakout. Price action then consolidated near the highs, and this formation resembled a bull flag, which traders often view as a continuation signal.
Broader market weakness limited XRP’s progress in recent weeks. Canary Capital and other issuers introduced XRP-related products during the recent ETF-driven market activity. However, muted performance across the wider crypto market restricted the token’s ability to gain stronger momentum despite the new launches.
Additionally, analysts pointed to the breakout and tight consolidation as a setup that commonly appears during developing trends. This pattern attracted further interest as liquidity conditions shifted after Bitcoin strengthened above key levels.
XRP regained market focus after Brandt’s chart highlighted a potential continuation pattern, and the token now trades inside a zone that traders consider important. Market sentiment continues to influence short-term direction, and participants are watching how XRP reacts as conditions improve.
Also Read: Here’s How All XRP ETFs Have Performed So Far – Impressive or Not?
