Specifically, Peter Brandt pointed out that XRP could reach a market capitalization of $500 billion if the bullish "half-mast flag" pattern is completed. He mentioned this in a post on X on January 7.
Brandt clarified that for this pattern to remain relevant, it must be completed within six weeks. If the structure successfully forms, XRP could potentially reach the mentioned heights.
However, if the pattern takes too long to develop, its significance may be lost, or it could transform into an entirely different structure.
“This pattern for $XRP needs to act quickly, otherwise it is likely to change into something else. But if it completes, then a market capitalization of $500 billion is possible,” the trader noted.
The analysis also highlights that XRP experienced significant growth, followed by a consolidation phase. The decrease in trading volume during this consolidation aligns with typical "half-mast flag" behavior, indicating a potential continuation of the bullish trend.
In the event of a breakout from this pattern, the expected market capitalization of $500 billion is determined by measuring the height of the initial rise and applying this value to the breakout point.
Thus, if XRP reaches the target capitalization, its price would be just under $9.
Possible XRP Breakout of 470%
Meanwhile, another well-known cryptocurrency analyst, Ali Martinez, shared his optimistic analysis. In his post on X on January 6, he noted that the Ripple token has the potential for a 470% increase.
Martinez reported that the supertrend indicator for XRP on the 12-hour chart has signaled the beginning of a bullish trend once again. The last time this key signal appeared, XRP surged by 470%, showing significant gains in a short period.
This formation helps traders identify potential changes in market direction. In the current scenario, XRP is trading around $2.40, and the indicator suggests that bullish momentum could push the price significantly higher if history repeats itself.