XRP News Today: XRP Surges 8% as Veteran Trader Predicts Major Breakout

XRP, a popular altcoin, has seen an 8% increase in the last 24 hours, trading around $2.80. This surge is part of a broader market-wide pump, and veteran trader Peter Brandt has joined the bullish sentiment, suggesting that XRP might be on the verge of a significant move. Brandt shared a long-term chart of XRP, noting that the coin is "congesting" on the monthly and weekly charts, a term used when the price coils tightly in a range. He believes this congestion could be the final phase before XRP breaks out to the upside, potentially "ready to possibly blast off."

Brandt's analysis is based on a chart that spans over seven years, from 2018 to 2025, providing a macro view of XRP’s price behavior. The chart shows a descending trendline from XRP’s past highs and a large yellow box indicating the recent consolidation area. This pattern is common before big moves, as prices that tighten up over time tend to explode once they break free. Brandt's outlook is not short-term; he is analyzing weekly and monthly charts, suggesting big upside potential in the months ahead.

The XRP community has reacted positively to Brandt's post, with many traders and enthusiasts expressing bullish sentiments. Some users asked about Brandt's price targets, while others compared daily fractals to his long-term view. The overall vibe was optimistic, especially with XRP continuing to pump after Brandt posted. However, there are potential challenges that could derail a breakout, including regulatory uncertainty, unexpected macro shifts, or market exhaustion. XRP's history is marked by sharp rallies followed by equally sharp corrections, and Brandt himself used the word "possibly," acknowledging the uncertainty inherent in technical analysis.

Despite these challenges, if XRP breaks above the descending trendline and clears the yellow consolidation box, Brandt's "blast off" prediction might materialize. So far, the price action supports this view, with the breakout from the yellow box appearing to happen in real time. If XRP maintains this pace, $2.80 could soon be seen as just the beginning of a larger upward trend.

For those who missed the XRP rally, another opportunity might be on the horizon with the new meme coin $SNORT, also known as Snorter Token. Built on Solana with support for purchases via Ethereum, $SNORT has already raised over $1.5 million in its presale phase. The token powers the Snorter Bot, a Telegram-based trading assistant that helps users automatically find, buy, and snipe new meme coins upon launch. The bot features low trading fees, supports staking rewards up to 212%, and has a roadmap to expand across Ethereum, BNB, and Polygon. The presale is structured with tiered pricing, meaning the earlier investors get in, the cheaper their tokens. $SNORT offers utility, as users will need the token to access premium bot features, reduce trading fees, or earn staking rewards. For those who missed XRP’s latest rally, $SNORT might just be the next big mover worth watching.