There are all kinds of optimistic predictions about the price of digital assets these days, and XRP is no exception.
Now, Peter Brandt said that XRP just broke out of a massive bullish pattern after three years of consolidation.
“In case you trade this, (I don’t) [XRP} is enjoying SEC (U.S. Securities and Exchange) ruling and the madness of crowds. Weekly chart head and shoulder patterns are too often not to [be] believed. But sometimes they come true. This possible inverted head and shoulders with stunted right shoulder would indicate prices a boatload higher (new all-time highs). XRP.”
As the online publication the Daily Hodl notes, if XRP is to follow Brandt’s script, it can potentially surge by a minimum of 276% en route to its all-time high of $3.84.
XRP’s price could go a lot higher as Brandt is predicting a new all-time high for XRP.
Ripple marks massive success
Ripple enthusiasts have a lot to celebrate, and the firm is marking its very first legal win against the SEC.
As you probably know by now, Ripple has been under attack by the SEC for quite a while, and the company had a lot to lose because of this.
UToday online publication noted not too long ago that the Magistrate Judge Sarah Netburn has granted Ripple’s motion to compel the production of documents related to Bitcoin and Ethereum during a recent conference, delivering a blow to the U.S. Securities and Exchange Commission:
“I’m going to grant, in large part, the defendants’ motion.”
Just to refresh your memory Ripple Labs, CEO Brad Garlinghouse and co-founder Chris Larsen filed the joint motion to compel on March 15 – they accused the SEC of withholding evidence.
At the moment of writing this article, XRP is trading in the green, and the digital asset is priced at $1.39.