XRP Favored by Top Trader in Bold Investment Move

XRP has suddenly caught the attention of legendary trader Peter Brandt, who is now considering buying into the asset after years of skepticism. This surprising shift has sparked a conversation across the crypto community, as Brandt weighs a significant $100,000 investment between XRP and Solana (SOL).

Peter Brandt, well-known for his decades-long experience in commodity trading and sharp market analysis, recently revealed on social media his intention to choose only one of the two cryptocurrencies. His post invited suggestions, igniting debates among supporters of each token.

Brandt’s chart analysis presented a powerful visual case for XRP, illustrating a large symmetrical triangle that developed over time. This chart pattern, often associated with periods of consolidation followed by breakout movements, saw XRP burst above the upper trendline during a rally that took place toward the end of 2024.

In technical terms, a symmetrical triangle suggests a period where market uncertainty gradually compresses before a breakout. For XRP, the breakout serves as a bullish indicator, reflecting renewed interest and momentum within the market. This is significant considering Brandt’s past criticism of the token, signaling a meaningful change in his outlook.

On the other hand, Brandt also shared his observations on Solana. The chart for SOL features a developing “Cup and Handle” formation. This pattern, generally viewed as a bullish continuation signal, began forming between late 2021 and mid-2024. The “handle” part of the structure appears to be taking shape into early 2025, suggesting a potential upward trajectory for Solana as well.

Based on this analysis, Brandt forecasts a possible price range for SOL between $518 and $707, emphasizing its long-term growth potential. Still, the final decision hasn’t been made, leaving many to speculate whether he will lean toward the emerging infrastructure of Solana or the legally seasoned position of XRP within the blockchain industry.

The crypto communities backing both assets responded swiftly, offering charts, historical data, and passionate arguments to sway the seasoned investor’s choice. While some hailed Solana’s technology and transaction speed, others highlighted XRP’s resilience amid legal struggles and its potential role within global financial systems.

As of the latest rankings from CoinGecko, XRP currently holds the fourth-largest market position, while Solana ranks sixth. This reinforces XRP’s strong market presence, which may play a part in Brandt’s consideration given his fundamental trading experience and appreciation for established market strength.

This development is particularly timely, as broader market dynamics remain uncertain, and key technical patterns across various assets are surfacing. Brandt’s focus on chart formations illustrates an adherence to classic market analysis techniques, even in a modern and volatile asset class like cryptocurrency.

Whether Brandt ultimately invests in XRP or SOL, his attention alone spotlights the growing credibility and maturity of digital assets. For XRP supporters, this potential endorsement could mark a turning point, solidifying its appeal to more traditional investors who might have disregarded it in the past.

Related: Expert Advice: Sell XRP If You’re Confused

As the trader prepares to make a choice in the coming days, the battle between XRP and Solana for his high-profile investment continues to unfold, offering a revealing look at how legacy trading techniques intersect with the future of finance.