XRP is showing signs of a potential breakout with a 'half-mast flag' pattern on its weekly chart. This formation suggests that if completed, XRP could significantly rise in market cap, possibly reaching $500 billion, positioning it ahead of Ethereum.
Peter Brandt, a veteran trader, emphasizes the importance of this pattern, cautioning that it should complete within six weeks to avoid skepticism. If successful, XRP's market cap could dramatically increase, yet if it fails, it might drop to previous lows.
Other experts, like Mikybull and Egrag Crypto, see promising targets based on Fibonacci extensions and Elliott Wave theory, predicting high levels of $3.74 to $15. Meanwhile, large investors are buying in anticipation of potential gains, although the $2.35 resistance remains a hurdle.
