In his most recent tweet, veteran chartist Peter Brandt says that Ripple’s XRP is “bottoming” against Bitcoin. The third coin biggest by market cap is sitting at $0.255 (up 3.61 percent over the last 24 hours, according to CoinStats data).
Brandt’s rare bullish XRP tweet
This is a surprising take from someone who claimed that the XRP price could plunge to as low as $0.02 just one month ago. Some Twitter users are still in disbelief, claiming that the Bitcoin maximalist is probably being sarcastic.
Brandt is known as an avid XRP hater. Notably, he had some words of praise for Ripple as a company, but he still believes that it grossly manipulates the token’s price.
Earlier, crypto trader Luke Martin pointed out that XRP was forming a rounded bottom, also calling the token his “favorite” altcoin.
Surviving all the FUD
XRP failed to make a splash in 2019 despite Bitcoin’s massive rally in Q2. As reported by U.Today, Multicoin Capital co-founder Kyle Samani claimed that Ripple and its continuous sales could be responsible for the token’s disastrous price performance.
Ripple CEO Brad Garlighouse recently did a CNN interview where he claimed that they couldn’t the price of the XRP token.
With a slew of new developments within the Ripple ecosystem, it might be the beginning of a new glorious chapter for XRP.
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