XRP could rally toward $4.47 next
In his latest XRP chart update, Brandt highlights a “highly rare continuation compound fulcrum” setup forming on the XRP/USDT weekly price chart, asserting that its resolve could push the pair up by around 60% to $4.47.
Once that balance breaks, the price often moves toward the underlying trend, typically up if the market is in an overall uptrend. A break below the support line near $1.80 could invalidate the setup, however
XRP whales back best weekly price gains since November
Brandt’s bullish outlook comes as XRP posts its strongest weekly performance since late November, rising around 25% in the week ending July 13 amid broader crypto market strength.
Supporting the rally, the number of wallets holding at least 1 million XRP has climbed to a record high, suggesting growing confidence among large holders.
Signs of “altcoin season” have further improved XRP’s potential to rally further in the coming months, with onchain data resource Santiment noting:
“As long as Bitcoin can maintain its position above the crucial psychological support level of around $110k, traders will likely feel comfortable redistributing profits into altcoins.”
