Brandt Says XRP Could Hit $502B Market Cap, Citing Weekly Half Mast Flag

Peter Brandt, a notable market veteran, says an XRP market cap surge to $502 billion is possible, citing the formation of a weekly half-mast flag.

Brandt disclosed this bullish outlook in his recent XRP analysis, leveraging the weekly XRP market cap chart. The chart confirms that XRP has been consolidating within a flag pattern since peaking at $165.74 billion in early December 2024, following a sharp rally.

XRP Forms Half Mast Flag

For context, this rally was due to a renewal of interest following Donald Trump’s presidential election victory. XRP skyrocketed from a price of $0.50, representing a $28.13 billion market cap, in early November to a seven-year peak price of $2.9 in early December 2024.

This $2.9 price represented a market cap of $165.74 billion, marking XRP’s all-time high valuation. However, since then, the price and market cap have been in consolidation, forming what Brandt calls a “half-mast flag” structure.

The chart highlights XRP’s recent uptrend, followed by a triangular consolidation, which represents an important component of the flag pattern. Notably, the continuation pattern forming now indicates a temporary pause, with price action compressing within narrowing trendlines.

XRP Market Cap 1W Chart | Peter Brandt

The average directional index (ADX) reads 39.95. This shows that a strong trend remains in play. However, volume appears subdued during the consolidation, a common trait of flag formations, and may precede a breakout.

Typically, such patterns often follow steep upward movements. However, Brandt suggested that flags like this should resolve quickly, typically within six weeks. If they do not, the formation could lose its reliability and evolve into a different chart pattern.

He cautioned that if XRP’s current flag doesn’t break out soon, it may fail to fulfill its bullish potential. However, should the pattern complete, a projection of a $502 billion market cap becomes feasible.

XRP Price at a $502B Market Cap

This figure would exceed XRP’s previous peak market cap by over 200%. It would also translate to an all-time high price of $8.74 per token. In addition, if Ethereum’s market cap remains stable at $442 billion, XRP could surpass it, becoming the second-largest cryptocurrency.

This would not mark Brandt’s first bullish XRP price prediction despite the market veteran being a long-term critic. Last November, amid XRP’s breakout rally, Brandt revealed that the altcoin faced major resistance at $1.96, the previous cycle’s top. At the time, XRP had just broken above the $1 mark.

Brandt suggested that if XRP breaches $1.96, it could witness an explosive run. XRP has since surpassed this level and now leverages it as support. Also, in December 2024, Brandt argued that XRP had the most powerful chart in all the crypto market.

Notably, XRP currently changes hands at $2.42, up 19.38% over the past week. The asset is now the third largest weekly gainer among the top 10 crypto assets, outperforming industry heavyweights Bitcoin (BTC) and Ethereum.

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