Pratchett’s Take: XRP’s Magical 60% Rally Looms, Says Veteran Trader 🧙‍♂️💰

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Key takeaways:

  • A seasoned trader spots a potential 60

  • XRP’s best weekly gain since November and a record number of whales hoarding the coin hint at growing institutional faith.

  • Onchain sentiment suggests XRP is moving into the “belief–denial” phase, a sign of more good things to come.

XRP is gearing up for a major price breakout, or so says veteran chartist Peter Brandt, who’s no stranger to spotting the signs of a good old market rally.

XRP Could Soar to $4.47 Next

In his latest XRP chart update, Brandt points out a “highly rare continuation compound fulcrum” setup forming on the XRP/USDT weekly price chart. He’s so confident that this could push the pair up by around 60

The “compound fulcrum” is a bit like a complex base formation, often made up of multiple smaller patterns (like failed breakdowns, minor ranges, or wedges) that develop over time. Each failed move adds to the market’s confusion, shaking out the weak hands while the stronger players quietly accumulate. It’s a bit like a game of musical chairs, but with a lot more money on the line. 💸

Once that balance breaks, the price often moves toward the underlying trend, typically up if the market is in an overall uptrend. However, a break below the support line near $1.80 could invalidate the setup, which would be a bit like finding out the treasure map was just a piece of old parchment. 🗺️

XRP Whales Back Best Weekly Price Gains Since November

Brandt’s bullish outlook comes as XRP posts its strongest weekly performance since late November, rising around 25

Supporting the rally, the number of wallets holding at least 1 million XRP has climbed to a record high, suggesting growing confidence among large holders. It’s as if the whales are saying, “We’ve seen this movie before, and we know how it ends.” 🐳

Signs of “altcoin season” have further improved XRP’s potential to rally further in the coming months, with onchain data resource Santiment noting:

“As long as Bitcoin can maintain its position above the crucial psychological support level of around $110k, traders will likely feel comfortable redistributing profits into altcoins.”

XRP Onchain Metric Shows No Signs of Capitulation

Onchain sentiment data is also throwing its weight behind XRP’s bullish case. XRP has moved from the “optimism–anxiety” phase into “belief-denial,” a zone that often signals room for more upside, according to Glassnode’s Net Unrealized Profit-Loss (NUPL) metric. It’s like the market is saying, “I believe in you, XRP, even if you don’t believe in yourself.” 🙏

In past cycles in 2021 and late 2020, XRP entered the “euphoria–greed” zone before sharp price corrections. However, as of July 2025, NUPL is showing rising investor conviction, with no signs of panic selling, suggesting a healthier and more sustainable rally. It’s like the market is taking a deep breath and saying, “This time, it’s different.” 🌱

The metric appears to be reinforcing Brandt’s view that XRP is forming a stronger base for a potential climb toward $4.47. So, if you’re holding XRP, you might want to sit back, relax, and enjoy the ride. 🚀

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2025-07-14 12:45