Market News / Story
Is XRP Setting Up For A $2 Breakout? Peter Brandt Spots A Technical Setup But Warns ‘Overhead Supply’ Is A Problem
Stocktwits ·
Stocktwits reports: Veteran trader Peter Brandt sees a potential path for XRP toward $2.16, but the setup comes with a warning: a large amount of overhead supply could make the rally hard. The setup comes as another XRP-focused event approaches: Evernorth is expected to begin trading on Nasdaq on Oct. 8 under the ticker XRPN, with the company expecting to hold about 473 million XRP at closing. Peter Brandt Maps A XRP Target Brandt said on Tuesday that he had spotted a cup-and-handle pattern…