Peter Brandt Predicts Bullish Surge for Dogecoin, XRP, and Solana with Key Breakthroughs in Technical Patterns

Trader Peter Brandt has shared some exciting news about Dogecoin (DOGE). He believes its price action looks very bullish.

Brandt recently told his 751,800 followers on X that DOGE has broken through two important technical patterns this year.

He posted a chart showing that DOGE has cleared the resistance levels of both a descending channel and an inverse head-and-shoulders pattern. He called it a “super strong chart.”

Now, let’s break that down. A descending pattern usually signals bearish trends. But if an asset breaks through the diagonal resistance, that changes everything. On the other hand, an inverse head-and-shoulders pattern is a bullish sign. It means buyers are ready to jump in without waiting for the price to drop again.

Based on Brandt’s analysis, he predicts that DOGE could soar to $0.734 after these breakouts. At the moment, DOGE is priced at $0.388.

But that’s not all. Brandt also mentioned XRP, the cross-border payment solution. He thinks XRP is “ready to rip” after breaking through a diagonal resistance that has held it back since 2018.

He said, “Massive coil. 2023 high now cleared. If 2021 high ($1.60) is cleared, then fireworks.” Currently, XRP is trading at $1.10.

Finally, Brandt discussed Solana (SOL). He believes this altcoin is on track to hit a new all-time high of $274. He noted, “Oftentimes price moves in swings whereby the swings are relatively equal in price.” As of now, SOL is trading at $236.