The post Peter Brandt Issues An Alarming XRP-to-Bitcoin Warning! appeared first on Coinpedia Fintech News
Peter Brandt shared an alarming forecast for XRP, emphasizing a potential decline against Bitcoin. Specifically, he identified a multi-year complex head-and-shoulders pattern forming on the XRP/BTC chart. He said that if the chart breaks the ‘neck,’ or lower support line in other words, it could signal a 97.5% drop, which is significant, which will cause accounts with XRP initials to disappear from social media. Another prominent analyst, Ali Martinez, offered a more optimistic outlook, based on XRP’s performance over the past six years. Brandt’s analysis spans a decade and focuses on the relative strength of XRP against Bitcoin.