Having been in the financial market since the 1970s, Peter Brandt is a seasoned trader who is widely regarded as a legend in the industry. He is not a snob when it comes to examining the charts of the newest asset class, cryptocurrencies.
XRP, the third-largest cryptocurrency by market capitalization and one of the oldest on the market, has been his recent focus. Targets for the new head-and-shoulders pattern in XRP's price action ranged from $3 to $1.07 earlier this week, according to Brandt.
The knowledgeable trader, however, recently released an update on the situation after deciding to double down on his prediction for the price of XRP.
Peter Brandt's forecast for the price of XRP
According toBrandt, XRP is creating a traditional complex head-and-shoulders top that seems.
