Peter Brandt predicts XRP may rise to $9.63

Legendary trader Peter Brandt recently shared a chart showing the potential for XRP prices to rise in the near future. This information comes amid growing interest in XRP, with an increase in the number of wallets and speculation about the launch of an ETF.

In addition, Ripple's protracted lawsuit has also sparked discussions in the market, contributing to shaping the future outlook of this cryptocurrency.

Peter Brandt forecasts growth for XRP

Brandt's chart shows that the price of XRP is in a consolidation phase and could lead to a strong rally up to $9.63 — a significantly higher price compared to the current price. If this comes to fruition, it would be a huge leap for this cryptocurrency.

However, it is noteworthy that Brandt did not mention any external factors in his analysis. He is entirely focused on the price pattern of XRP. Nevertheless, he also noted that although the market may be in a pause phase, the next move could be a strong growth.

Brandt's idea is not based on news or external events, but entirely stems from technical analysis. This is further reinforced by similar views from other traders, such as Javon Marks. In a recent post, Marks also mentioned a target level of $9.63 and suggested that XRP may be preparing for a price surge.

According to Marks, there are some notable signals indicating that XRP is on an upward trajectory, increasing confidence in a potential price surge. This also aligns with data showing an increase in the number of XRP wallets, a factor that could significantly impact the market.

Steph Is Crypto, a social media influencer, pointed out that the number of XRP wallets has increased by more than 800,000 since the beginning of the year, although the number of active wallets has slightly decreased. However, the increase in the total number of XRP holders still indicates growing interest from the community, especially among new investors.

The combination of technical signals from charts and wallet trends is attracting the attention of investors. The discussion about the XRP bull run has become a hot topic on platforms like X, where every piece of news and speculation about cryptocurrencies often changes rapidly.

All these factors increase expectations for the price increase of XRP in the near future.

The discussion about ETF fuels further interest

The discussion surrounding XRP has become increasingly lively as rumors about potential ETF funds begin to emerge. The recent growth in the market has pushed the price of XRP to $2.69, marking a 10% increase within just 24 hours, and this has further fueled curiosity about whether XRP could become part of institutional investment products in the future.

In this context, BlackRock, one of the major names in the asset management industry, is mentioned in rumors related to the XRP ETF. However, there is currently no official confirmation regarding the launch of an ETF linked to XRP. Nevertheless, as the legal issues of Ripple are gradually being resolved, many believe that XRP could become a strong candidate for professionally managed investment funds in the future.

One of the notable moves is that Truth Social, Donald Trump's social media platform, has submitted a plan to establish a Crypto Blue Chip ETF, in which XRP is one of the key assets the fund intends to track. This is a strong signal of the increasing interest in XRP among institutional investors.

Notably, DTCC has listed the ProShares Ultra XRP ETF in its product database, opening up more investment options for investors interested in this altcoin. Along with that, the leveraged XRP product from Teucrium continues to grow strongly, reaching $160 million in assets under management, indicating that the demand for XRP remains very stable despite the higher-than-average transaction costs.

Analysts at JPMorgan also do not overlook the potential of spot XRP ETFs. They predict that when these products are launched, they could attract billions of dollars in new capital, further increasing expectations for the future of XRP on major financial exchanges.

The increasing interest from major financial institutions, along with the development of ETF products, is enhancing the appeal of XRP to investors, making this cryptocurrency a hotspot in the crypto community.

The growth of wallets highlights the increasing interest

The increase in the number of XRP wallets highlights an important trend: growing interest from the community and long-term investors. The trading volume of XRP has reached $9.04 billion, a significant increase of 80.75% compared to before, indicating that this cryptocurrency is attracting strong attention in the market.

Although there has been a slight decrease in active usage, the overall trend still shows a shift in the market, as many long-term investors are starting to participate in XRP. This not only reflects the stability of this currency but also signals an increase in acceptance from the community.

As of now, XRP has a circulating supply of 59.06 billion units, while its total supply is 99.98 billion. With these parameters, this currency is still in a strong development phase, and the increase in the number of wallets indicates a growing trend among long-term investors.

When combined with factors such as technical analysis from Peter Brandt and speculation about ETF, this increase raises many questions and expectations about XRP's next move in the market. These factors are painting an overall picture of a market that is developing strongly, with the potential to expand beyond the realm of conventional trading.

Brandt's post, along with the continuous growth of wallets and the lively conversation surrounding ETF, is creating an atmosphere of high expectations for XRP, leading many investors and market analysts to believe that this cryptocurrency may continue to prove its strength in the future.

Emma