Veteran trader and XRP critic Peter Brandt is expecting an XRP upsurge to a new all-time high, citing a half-mast flag pattern on the daily charts.Peter Brandt, a long-time XRP critic, is now bullish. Following XRP's strong rally in November, Brandt suggests the asset is forming a half-mast flag pattern. This continuation structure points to a potential price surge, with Brandt forecasting a move toward $4.6. XRP Forms a Half-Mast Flag PatternIn his recent analysis, Brandt discussed the half-mast flag structure on XRP's daily chart. Notably, this pattern occurred during XRP's strong uptrend from late November.Particularly, following a six-day consolidation that began on Nov. 23, XRP eventually staged a breakout on Nov. 27, rallying from the $1.5 level to a new seven-year peak of $2.9 by Dec. 3. This impressive upsurge created the flagpole. Following this move, XRP entered a brief consolidation phase in December as it faced resistance at the $2.9 level. Price action formed a descending channel, which featured lower highs and lower lows and formed the flag. Notably, this flag represents a period where traders pause to assess the market direction. XRP Half Mast Flag Pattern Peter BrandtInterestingly, XRP broke out above the upper boundary of the flag on Dec. 14 after it closed the day around the $2.4 level. This breakout signals the potential continuation of the original uptrend. Since then, the asset has stayed above the boundary, looking to establish it as support.According to Brandt, the half-mast flag pattern predicts that the next upward move will mirror the height of the flagpole. Notably, the flagpole height, measured from the rally's starting point at $1.50 to its peak of $2.9 represents a 93% upsurge.This rate becomes the basis for XRP's next move. For context, XRP's breakout occurred around the $2.4 region on Dec. 14. If the altcoin replicates the 93% rally from the $2.4 level, this will lead to a price of $4.63 for XRP, marking a new all-time high. What's Next for XRP?However, for XRP to achieve this bullish target, it must maintain the breakout above $2.4. This level, which previously acted as resistance, now serves as a major support zone. A retest of this level without falling back inside the flag would confirm the breakout's strength. If momentum continues, XRP's next resistance lies around $2.9, the previous high from the November rally. Clearing this level would open the door for a surge to $4.63. However, a failed breakout, where XRP drops back below $2.4, could invalidate the flag pattern and delay further upside. Interestingly, another analyst CryptoInsightUK recently suggested that XRP could trade at $5 by Christmas day. Analyst Ali Martinez also insists a rally above $4 is a certainty. XRP currently changes hands at $2.66, up 11.59% in the past 24 hours amid the launch of Ripple's stablecoin RLUSD.
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