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According to the famous investor, XRP has potential power in the long run

Şükriye Akdeniz

Sep 16, 2021

Veteran investor Peter Brandt sees constructive, long-term potential in XRP, a sudden price spike is imminent

XRP price slumped from $1.41 to $1.10, the highest level in the last three months, with the damage it took from the recent market drop. At the same time, the altcoin has maintained its strong on-chain support and is predicted to reach new highs with increased network activities.
In his analysis, Brandt highlighted a pattern on the long-term chart that indicates it may be ready for the next upward move. The next key resistance for the altcoin lies at $1.17 and it could retest the previous three-month high and then the annual high.
The number of active addresses interacting with the network for the altcoin has reached 6,700. This figure is quite high compared to last week.
At the very beginning of the tweet thread sharing the XRP chart, the trader apologized to any early altcoin investors that he showed disrespect.
“I sincerely apologize for any disrespect shown to those who climbed aboard the alt-coin train early and have the gains to show for it. Congrats on a job well done. You exemplify the best of a new generation of market speculators. I am a dinosaur in a new game.”

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