Strong chart recognition: Peter Brandt, once an XRP critic, acknowledges its strong chart, highlighting its recent resilience and price recovery. His shift in perspective comes after XRP successfully regained the $2 mark, despite market volatility, suggesting a bullish trend for the cryptocurrency.

KEY resistance levels: Brandt indicates a critical resistance at $1.96, where breaking this level might lead to significant price movements for XRP. The cryptocurrency recently exceeded $1 and $2, which marked an end to a long consolidation period, signaling the potential for reaching new price highs.

Bullish market trends: XRP’s market cap, now over $67 billion, reflects a favorable trend. Large holders, or whales, have accumulated more than 120 million XRP, emphasizing strong bullish sentiment. This accumulation aligns with XRP’s potential as an economical alternative in global finance against traditional systems.