In a noticeable change in sentiment, renowned technical analyst and commodity trader Peter Brandt rarely praised XRP, describing the token as currently a standout among its cryptocurrency peers. On Sunday, Brandt posted the daily XRP/USD chart on X (formerly Twitter), proclaiming: “Leader of the Pack.”
In the same post, he emphasized the importance of real market positions over mere predictions, noting: “Last week I posted a chart predicting this. Forecasts mean nothing. Predictions are a dime a dozen. Positions matter.” This statement underlined his basic trading philosophy that actual investment prevails over speculation.
Brandt provides an olive branch to the XRP army
Brandt’s endorsement of XRP follows a key technical analysis he shared via X last week in which he highlighted a potential “flag at half-mast” formation. Brandt then stressed that such patterns should disappear within six weeks, warning that otherwise they would become suspicious:
“Flags at half mast should be completed within six weeks, otherwise they should be viewed with great suspicion. This flag in XRP needs to take effect soon, otherwise it will likely evolve into something else to be determined. However, if completed, a market capitalization of $500 billion is possible.
According to Brandt’s analysis, if the crypto asset confirms the half-mast flag pattern, the asset’s value could more than triple in the following weeks. It is worth noting that when the seasoned trader made this comment, XRP’s market capitalization was around $138 billion, which suggested it could be moving upwards to a valuation of $500 billion.
This week, Brandt observed a clear breakout from the marked pattern, which, if confirmed, would suggest that his forecast remains on track.
Brandt, who had been a sturdy XRP skeptic in previous years, surprised the community on Sunday by expanding its capabilities described as an “olive branch” for XRP holders. After accepting past criticism, Brandt attributed his caution to the need to protect trading capital, stating:
“I have been severely attacking you and your XRP assets over the years. I admit my rudeness. […] Currently, I am elated about your success. Nothing makes me happier than seeing other speculators successfully rise to the top. I would never discredit your success, just your attitude of defending 90% of the downside against more stable assets.
He emphasized his long-held belief that investors must protect capital by avoiding assets that he believes have a history of steep declines, particularly in relation to Bitcoin, which he considers the standard “store of wealth.” Brandt recounted how he went “all-in” into futures trading in 1981 with minimal initial capital, thus reinforcing the importance of capital preservation:
“XRP has repeatedly lost 80%, 90%, even 97% of its value over the years to BTC, which I consider the standard “store of wealth.” …Holding speculative assets that lose 90% compared to more stable assets is the definition of insanity […] My belief is based entirely on the approach of quickly limiting losses and enabling profitable trades in any asset I hold for growth. I will stick to this belief. I maintain my belief that any asset that can routinely lose 80% or more compared to a more stable asset is a crazy way to grow wealth.
Nevertheless, he clarified that his criticism was aimed primarily at what he described as the token’s “dogmatic, obnoxious” defense of the token in the face of extreme deductions, rather than the community’s personal efforts. The legendary trader concluded:
“If you accept my Olive Branch, I thank you for your kindness. If you refuse based solely on rude or vulgar feelings, that’s your choice. Rest assured I wrote my last post X on your precious XRP. I wish you all the best with this asset.”
At the time of publication, the price of XRP was $2.45.

Featured image created with DALL.E, chart from TradingView.com