Crypto News: Veteran Trader Peter Brandt Shares Bold Outlook for XRP and BCH
Peter Brandt predicts bullish moves for XRP and BCH as both tokens show recovery signs amid declining crypto market sentiment.
Well-known trader Peter Brandt has shared a bullish outlook for both XRP and Bitcoin Cash (BCH) as broader market sentiment remains cautious. In a recent post, Brandt suggested that these two digital assets could see strong performance in the coming months, despite the current bear market conditions.
Peter Brandt Identifies XRP as a Strong Candidate
On November 27, Peter Brandt posted a chart on X, previously Twitter, which analysts linked to XRP. He noted that crypto traders should not lose hope and suggested XRP as one of two assets with potential to rise soon.
The monthly chart he posted showed a pattern that traders believe signals a future breakout.
XRP has remained in a downward trend since July, though it recently showed signs of recovery. As of the latest data, XRP is trading at $2.21, with a daily high of $2.25 and a low of $2.15. The token rebounded nearly 20% from the Fibonacci golden zone earlier this month.
Trading volume, however, has declined by 13% in the last 24 hours, which could indicate reduced trader activity. Some analysts predict XRP could move toward the $2.60 level, especially as ETF products related to XRP attract more attention.
BCH Sees Renewed Buying Interest
Peter Brandt also pointed to Bitcoin Cash (BCH) as another asset showing strength. He shared a weekly chart that suggests the possibility of a continued uptrend. BCH has gained close to 15% in the last seven days, which places it among the top-performing large-cap tokens this week.
At the time of writing, BCH trades at $539.25. The daily range was between $527.98 and $547.83. The asset rose more than 2% in the past 24 hours, with trading volume increasing by 58%, suggesting stronger buying interest following Brandt’s mention.
This renewed interest comes as traders closely watch BCH for signs of a longer-term recovery. The weekly chart shared by Brandt showed an upward movement, which market participants believe could continue if volume holds.
Related Reading: XRP’s Sharp Reversal: Massive ETF Demand Fuels V-Recovery Above $2.20
Broader Market Outlook Remains Mixed
While Brandt shared positive views on XRP and BCH, he also warned of a potential Bitcoin correction. In earlier remarks, he mentioned the possibility of Bitcoin dropping below $60,000, despite the market’s current uptrend. Such a move would have broad effects across major cryptocurrencies.
Traders are responding to mixed signals, including ETF inflows, chart patterns, and macroeconomic trends. The broader crypto market remains in a wait-and-watch mode, with technical levels playing a key role in short-term direction.
Peter Brandt’s track record in chart analysis draws attention from both retail and institutional investors. His recent focus on XRP and BCH adds to market speculation as both tokens show early signs of strength.
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