Peter Brandt’s new XRP price prediction points to an incredible all-time high

The price development of XRP has been a central topic of discussion in the crypto market for many weeks. The price of the popular cryptocurrency has already exceeded the $2.50 mark at the beginning of the new month; its gain since November is 368% and its market capitalization has reached a staggering $137 billion. Few would have believed it a month ago, but currently XRP is once again among the top three digital assets by this metric, behind only Bitcoin (BTC) and Ethereum (ETH) and ahead of Solana (SOL) and Tether’s most popular stablecoin USDT.

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Many participants in the crypto market were completely surprised by such an outcome and even more had to reconsider their views; There are now numerous predictions in the media about where the XRP price could end up, considering that the all-time high in 2018 is less than $1 and the market cap has already reached historic highs.

XRP to $24

Peter BrandtAlso not left out was , who is considered a trading legend and has been active in the financial markets for almost 50 years. Brandt previously expressed skepticism about XRP, but his new price outlook for the popular cryptocurrency looks incredibly positive.

Therefore, the veteran trader published a price chart of XRP in which he laid out his vision, specifically pointing out how the price of the token broke through the dynamic resistance at around $0.92 and then shot higher. Looking at Brandt’s chart, we can assume that the trader expects that this breakout could cause the price of XRP to rise to as high as $24 per token.

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This seems unrealistic considering that XRP would then have a market cap of almost $1.37 trillion. This would make XRP the eighth largest company in the world, displacing Tesla from the global rankings. Is this possible?