In a notable shift of sentiment, renowned technical analyst and commodities trader Peter Brandt has offered rare praise for XRP, describing the token as the current standout performer among its crypto peers. Brandt posted a daily XRP/USD chart on X (formerly Twitter) on Sunday, proclaiming: “Leader of the pack.”
In the same post, he underscored the significance of genuine market positions over mere forecasts, remarking: “I posted a chart last week predicting it. Predictions mean nothing. Predictions are a dime a dozen. Positions are what count.” This statement underlined his core trading philosophy that actual holdings outweigh speculation.
Brandt Extends Olive Branch To The XRP Army
Brandt’s endorsement of XRP follows up on a key technical analysis he shared last week via X, in which he highlighted a potential “half mast flag” formation. At the time, Brandt stressed that such patterns should resolve within six weeks, warning that otherwise they become suspect:
“Half mast flags should complete within six weeks, otherwise they should be viewed with great suspicion. This flag in XRP needs to rock and roll soon, otherwise it will likely morph into something else TBD. But if it completes, then market cap of $500 B is possible.
According to Brandt’s analysis, if the crypto asset confirmed the half mast flag pattern, the asset could more than triple in value in the following weeks. Notably, when the veteran trader made these comments, XRP’s market capitalization stood at approximately $138 billion, suggesting that an upward move to a $500 billion valuation could lie ahead.
As of this week, Brandt has observed an apparent breakout from the flagged formation, which—if validated—would suggest that his projection remains on track.
Brandt, who has been a vocal skeptic of XRP in prior years, surprised the community on Sunday by extending what he described as an “olive branch” to XRP holders. After acknowledging past criticisms, Brandt attributed his caution to his need to protect trading capital, stating:
“Over the years I have taken some hard shots at you and your XRP asset. I admit my rudeness. […] I joy in your success at present. As a career trader nothing makes me happier than to see other speculators climb the mountain successfully. I would never disparage your success, only your attitude of defending 90% declines against an asset with more stability.”
He emphasized his long-held belief that traders must preserve capital by shying away from assets that, in his view, have a history of precipitous declines, especially relative to Bitcoin, which he deems the “store of wealth” standard. Brandt recounted how, in 1981, he went “all-in” on futures trading with minimal initial capital, thereby reinforcing the importance of capital protection:
“XRP has repeatedly over the years lost 80%, 90%, up to 97% of its value to BTC which I consider to be the ‘store of wealth’ standard. … Holding onto a speculative asset losing 90% against a more stable asset is the definition of insanity […] My faith is entirely based on my approach to cut losses quickly and allow for profitable trades in whatever asset I’ve held to grow. I will stand by that faith. And I stand by my belief that any asset that routinely can lose 80% or more against a more stable asset is an insane way to grow wealth.”
Nonetheless, he clarified that his criticism was directed primarily toward what he described as “dogmatic, obnoxious” defenses of the token amid extreme drawdowns, rather than the community’s personal endeavors. The legendary trader concluded:
“If you accept my Olive Branch, thanks for your graciousness. If you decline it with only rude or gross feelings, that’s your choice. Be assured that I have made my last X post about your precious XRP. I wish you the best with this asset.”
At press time, XRP traded at $2.45.
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