Peter Brandt says XRP breakout above $1.55 could open room for further gains

Veteran trader Peter Brandt said XRP could complete an inverse head-and-shoulders pattern that may lead to further gains if it decisively breaks through the $1.50-$1.55 range. According to The Crypto Basic, Brandt said he has been skeptical about XRP’s fundamentals, but the chart alone still provides a basis for a trade. The outlet added that XRP, currently around $1.52, needs to hold above $1.50-$1.55 for the pattern to be confirmed, with a typical pattern target implying a rise to $2.05-$2.10.