Trader Who Nailed 84% Crypto Crash Calls XRP ‘Popcorn Rally’ – Bitcoin, XRP, Ethereum Price Analysis
A veteran technical trader who called Bitcoin’s big drop in 2018 says XRP is in the midst of a “popcorn rally.”
When asked to clarify what he means, Peter Brandt told fellow traders to “think about it — in a popcorn maker a kernel pops to the top of the pan and falls immediately back down.”
— Peter Brandt (@PeterLBrandt) February 21, 2019
Brandt says last year’s dramatic decline in the crypto markets was easy to predict from a technical perspective. As for the year ahead, he says anything can happen, from a Bitcoin drop to $1,200 to a bull run that sees BTC returning to its all-time highs.
Right now, the markets are relatively quiet, with Bitcoin up 0.41% at $3,983, according to CoinMarketCap.
Meanwhile, most technical analysts are leaning bearish in the short term, with Ethereum “taking a break” before its big Constantinople upgrade.
FXStreet – XRP/USD could see a return to $0.3000
Bitcoinist – Ether takes a break before Constantinople