RATE Group | Ripple (XRP) May Have Finally Bottomed: Trader Peter Brandt
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Ripple (XRP) May Have Finally Bottomed: Trader Peter Brandt

30 Oct Ripple (XRP) May Have Finally Bottomed: Trader Peter Brandt

Posted at 02:15h in Cryptocurrency News by

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  • Ripple has been in a brutal downtrend for nearly two years.
  • Trader Peter Brandt predicts that the cryptocurrency will bottom out as soon as it completes the diamond pattern.
  • Other traders are bullish on XRP as the cryptocurrency posts a solid rally to take out the resistance level mentioned by Brandt.

Ripple’s XRP has been in a downtrend for almost two years. The third-largest cryptocurrency posted an all-time high of $3.30 in January 2018. Since then, investors have experienced nothing but pain. To add insult to the injury, Ripple Labs has reportedly earned over $533 million in 2018 by selling pre-mined XRP.

As of today, the crypto token has lost over 90% of its value from the peak. However, it appears that the worst is behind it.

Peter Brandt, the trader with the most following on Twitter, believes that Ripple is about to bottom out soon. If he is correct, the cryptocurrency is likely to be in a position to pump before the much-awaited Swell event.

Brandt: ‘If You…

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