币界网报道：Legendary trader Peter Brandt has identified a classic technical pattern in XRP's price chart, suggesting potential for a major rally. The "Descending Channel" formation, which Brandt previously spotted before XRP's 2017 surge, has reappeared on the weekly timeframe. Brandt notes this pattern often precedes significant upward movements, though he cautions that technical analysis isn't foolproof. The analyst drew parallels to XRP's historic 61,000% price explosion following a similar pattern six years ago. Currently trading around $0.50, XRP faces resistance at $0.55-$0.60, with Brandt suggesting a breakout could signal the start of another substantial price increase. However, he emphasizes that technical patterns require confirmation and advises traders to manage risk appropriately. The prediction comes amid growing speculation about XRP's price potential following Ripple's partial legal victory against the SEC in July.