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A prominent veteran trader has identified a "highly rare" technical setup in XRP's price chart, forecasting a potential 60% surge that could push the cryptocurrency past the $3 mark, possibly reaching $4.47. This optimistic outlook is bolstered by recent strong performance, record whale accumulation, and positive on-chain sentiment, suggesting a robust foundation for a significant rally.
Veteran Trader Predicts Significant XRP Rally
Veteran chartist Peter Brandt has highlighted a "highly rare continuation compound fulcrum" setup on the XRPUSDT weekly price chart. This complex base formation, characterized by multiple smaller patterns and failed moves, often precedes a strong price movement in the direction of the underlying trend. Brandt asserts that this setup could propel XRP by approximately 60%, targeting a price of $4.47.
Key Indicators Supporting the Bullish Outlook
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Strong Weekly Performance: XRP recently recorded its strongest weekly gain since November, rising around 25% in the week ending July 13, aligning with broader crypto market strength.
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Record Whale Accumulation: The number of wallets holding at least 1 million XRP has reached an all-time high, indicating increasing confidence among large investors.
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On-Chain Sentiment Shift: According to Glassnode's Net Unrealized Profit-Loss (NUPL) metric, XRP has transitioned from the "optimism–anxiety" phase into "belief-denial." This phase typically suggests further upside potential and a more sustainable rally, with no signs of panic selling.
Understanding the "Compound Fulcrum" Setup
The "compound fulcrum" is a technical pattern that develops over time, often involving:
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Failed breakdowns
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Minor ranges
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Wedges
Each failed move in this pattern tends to confuse the market, shaking out weaker holders while stronger players accumulate. Once this balance shifts, the price typically moves significantly in the direction of the underlying trend. However, a break below the $1.80 support line could invalidate this bullish setup.
Market Context and Altcoin Season
The bullish sentiment for XRP is further supported by signs of an impending "altcoin season." On-chain data resource Santiment suggests that as long as Bitcoin maintains its position above the crucial psychological support level of $110,000, traders are likely to reallocate profits into altcoins, benefiting XRP.
As of July 14, 2025, XRP's price in South African Rand (ZAR) was R53.34, marking a 7.0% increase from the previous day and a 32.0% increase over the last seven days. The 24-hour trading volume for XRP was R169,305,859,901, with a circulating supply of 59,131,625,363 XRP out of a maximum supply of 100,000,000,000 XRP.
Sources
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XRP price ‘highly rare’ setup eyes 60% gain past $3, veteran trader says — TradingView News, TradingView.
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XRP to ZAR: XRP Price in South African Rand, CoinGecko.
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