Brandt's analysis highlights that XRP’s market cap reached a peak of $165.74 billion in December 2024, following a sharp rally fueled by renewed interest after Donald Trump’s presidential election victory. XRP soared from $0.50 ($28.13 billion market cap) in early November to $2.90, marking its all-time high.
Since that peak, XRP’s market cap has been consolidating within a triangular flag pattern. This structure, known as a “half-mast flag,” often signals a temporary pause in price action before continuing the prior trend.
The weekly chart shows a strong uptrend followed by a compression of price action within narrowing trendlines. The average directional index (ADX) reads 39.95, indicating that the bullish trend remains robust. However, volume has decreased during the consolidation phase—a common characteristic of flag patterns.
Brandt notes that flag patterns should resolve within six weeks for reliability. If XRP doesn’t break out soon, the pattern could lose its significance or evolve into a different structure. However, if the breakout occurs as expected, XRP’s market cap could potentially rise to $502 billion.