XRP is up 8.9%, to $1.53.
Then I saw Peter Brandt post a chart showing a target price of $5.40.
Who is Peter Brandt? He has 42 years of trading experience—a veteran in technical analysis, not someone who speaks casually.
Following this lead, I looked into why XRP surged this time—$300 million worth of XRP short positions were forcibly liquidated during the hour when BTC broke through $84,000.
XRP’s short positions have been in negative funding rates since September 11, which suggests the short squeeze wasn’t a coincidence. It was the result of a concentrated build-up of shorts over two weeks being wiped out in one sweep.
This is the issue: the buying pressure caused by forced liquidations is mechanical, not new capital coming in that recognizes XRP’s value.
Both things are true at the same time: Brandt’s chart patterns are real technical analysis, and the $5.40 target has chart-based support; the driving force behind XRP’s move this time is also real—short squeezes, not fresh buying.
$1.50 is the key support level today. Hold it to have the right to discuss $1.70. If it can’t hold, it means the fuel for the short squeeze has already burned out.
Do you trust Brandt’s chart?
$XRP #xrp
#xrp上涨8%
Then I saw Peter Brandt post a chart showing a target price of $5.40.
Who is Peter Brandt? He has 42 years of trading experience—a veteran in technical analysis, not someone who speaks casually.
Following this lead, I looked into why XRP surged this time—$300 million worth of XRP short positions were forcibly liquidated during the hour when BTC broke through $84,000.
XRP’s short positions have been in negative funding rates since September 11, which suggests the short squeeze wasn’t a coincidence. It was the result of a concentrated build-up of shorts over two weeks being wiped out in one sweep.
This is the issue: the buying pressure caused by forced liquidations is mechanical, not new capital coming in that recognizes XRP’s value.
Both things are true at the same time: Brandt’s chart patterns are real technical analysis, and the $5.40 target has chart-based support; the driving force behind XRP’s move this time is also real—short squeezes, not fresh buying.
$1.50 is the key support level today. Hold it to have the right to discuss $1.70. If it can’t hold, it means the fuel for the short squeeze has already burned out.
Do you trust Brandt’s chart?
$XRP #xrp
#xrp上涨8%
