Expert Trader Peter Brandt’s Analysis Concludes Ripple (XRP) Outweighs Stellar Lumens (XLM)

Peter Brandt, known as an expert trader, given his longevity in trading since the ’80s highlighted XRP in technical analysis.

$XLM Targets .0653, then .00150, so basically worthless. Sorry. pic.twitter.com/bMfoZvvzd5

— Peter Brandt (@PeterLBrandt) January 21, 2019

As seen in the tweet above Brandt took to Twitter explaining Stellar Lumen’s XLM. He stated that XLM is worthless given the lower target levels as months progressed in 2018.

In reply to a person asking about XRP on Twitter. Brandt described the event as a ‘coiled up’ event. The tweet discussion was as follows-

definitely coiling up pic.twitter.com/ixY4b6ysqx

— Peter Brandt (@PeterLBrandt) January 21, 2019

In trading terms coiled up can be defined as ‘one which has the potential to make a strong move in one direction after being pushed in the opposite direction or held flat.’

XRP has been bouncing up and down, and hence may have hit rock bottom. Thus favoring bullish signs.

Blockmanity’s Take

Brandt even has a number 1 ranked Amazon trading book and is highly recognized in the trading world. He also predicted that Bitcoin would drop below $4000 back in January last year, his analysis should not be brushed off easily.

Technical analysis cannot justify everything, as Cryptocurrencies are seen to be trading on emotions and developments too. Thus Ripple’s partnerships, quality technology, and rapid interest could also add to the technical indicator charts and push the Crypto community to buy XRP.

Ripple and Stellar both are countering traditional cross border payments, with its speed and cheap transaction costs. However, in the business side of things, Ripple is way ahead compared to Stellar.

At the time of writing XRP is ranked 2nd, valued at  $0.319822 and has a market capitalization of $13,125,639,830.

While Stellar is ranked 7th, valued at $0.104273 and has a market capitalization of $1,994,728,364.

Also Read:

Leading Crypto Asset Manager Grayscale Introduces Dedicated Stellar (XLM) Investment Trust

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