Crypto Live NewsAuthor: Nidhi Kolhapur
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Author: Nidhi KolhapurNidhi Kolhapur 
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Aug 2, 2024 14:23
Nidhi Kolhapur
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Peter Brandt shared an alarming forecast for XRP, emphasizing a potential decline against Bitcoin. Specifically, he identified a multi-year complex head-and-shoulders pattern forming on the XRP/BTC chart. He said that if the chart breaks the ‘neck,’ or lower support line in other words, it could signal a 97.5% drop, which is significant, which will cause accounts with XRP initials to disappear from social media. Another prominent analyst, Ali Martinez, offered a more optimistic outlook, based on XRP’s performance over the past six years. Brandt’s analysis spans a decade and focuses on the relative strength of XRP against Bitcoin.
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