Key Points:
A seasoned trader predicts a potential 60% increase in the coming months, reaching $4.47.
XRP has shown its strongest weekly gain since November and record whale accumulation indicates growing institutional confidence.
On-chain sentiment shows that XRP is entering the "belief–denial" phase.
According to veteran chart analyst Peter Brandt, XRP is preparing for a significant price breakout.
In his latest XRP chart update, Brandt emphasized that a "highly rare continuation composite pivot" pattern has formed on the XRP/USDT weekly price chart, claiming its resolution could drive the pair up approximately 60% to $4.47.
A "composite pivot" typically resembles a complex base pattern, usually composed of multiple smaller patterns (such as failed breakouts, small ranges, or wedges) that develop over time.
Each failed move increases market confusion, shaking out weak hands while the strong accumulate.
Once this balance is broken, prices typically move towards the potential trend, and if the overall market is in an uptrend, it usually rises. However, a drop below the support line near $1.80 could invalidate this pattern.
Brandt's bullish outlook comes as XRP has shown its strongest weekly performance since the end of November, rising about 25% in the week ending July 13, amid broader strength in the crypto market.
Supporting this surge is the number of wallets holding at least 1 million XRP, which has climbed to an all-time high, indicating increased confidence among large holders.
Signs of "altcoin season" further enhance XRP's potential for further gains in the coming months, with on-chain data resource Santiment noting: "As long as Bitcoin can hold above the key psychological support level of around $110,000, traders may feel comfortable reallocating profits into altcoins."
On-chain sentiment data also supports the bullish case for XRP.
According to Glassnode's Net Unrealized Profit and Loss (NUPL) indicator, XRP has transitioned from the "optimism–anxiety" phase to the "belief–denial" phase, which typically indicates more room for upward movement.
In the cycles of 2021 and late 2020, XRP experienced sharp price corrections before entering the "euphoria–greed" zone.
However, as of July 2025, this is not the case, as NUPL shows rising investor confidence with no signs of panic selling, indicating a healthier and more sustainable upward trend.
This indicator seems to reinforce Brandt's view that XRP is forming a stronger base for a potential climb to $4.47.
Related: The U.S. Democratic Party strikes back at digital asset legislation with "Anti-Crypto Corruption Week"
Original article: “Veteran Trader: XRP Shows ‘Extremely Rare’ Bullish Pattern, Could Rise 60% After Breaking $3”
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