Peter Brandt: Ripple (XRP) market cap could surpass $500B

U.S. chart trader Peter Brandt announced on X that half-mast flags on XRP's weekly market cap chart should resolve within six weeks; otherwise, they should be viewed with skepticism. He stated that XRP’s current flag pattern needs to gain momentum soon or it risks evolving into a different formation. However, if the pattern resolves successfully, XRP’s market cap could potentially reach $500 billion. According to CoinMarketCap data, XRP’s market cap currently stands at approximately $139.54 billion, with its price trading at $2.42, up 0.7% in the past 24 hours.