XRP or SOL? Legendary Trader Wants to Pick One

Prominent Trader Considers Investing in Solana or XRP

Peter Brandt, a respected commodities trader, has revealed plans to invest $100,000 in either Solana (SOL) or XRP this week. He's seeking input from the investment community to help make his decision, emphasizing that he won't consider alternative options beyond these two cryptocurrencies.

Technical Analysis of XRP

Brandt's examination of XRP's price chart shows a significant symmetrical triangle pattern created by converging trendlines. The token saw a notable price surge in late 2024 when it broke above the upper trendline of this formation.

Solana's Potential Pattern

For Solana, Brandt has spotted what appears to be a "Cup and Handle" pattern developing. The cup portion formed between late 2021 and mid-2024, with the handle beginning to take shape in late 2021 through early 2025. Based on this pattern, Brandt suggests SOL could potentially reach price targets between $518 and $707.

Market Reaction and Rankings

Brandt's announcement has generated significant buzz within both the XRP and Solana communities, with supporters of each token advocating for their preferred investment. Current market data from CoinGecko shows XRP and Solana (SOL) holding the fourth and sixth positions respectively among top cryptocurrencies by market capitalization.