Crypto just survived one of the hardest weeks in four years. U.S. tariffs on Chinese exports pushed Bitcoin all the way down to $100,600 before it recovered above $111,000.
More than $16 billion in liquidations hit derivatives, leaving traders unsure if the cycle was broken. Into this setup, Peter Brandt posted charts for four majors — and all of them came out bullish in his opinion.
XRP is at $2.46. Brandt said the recent pullback is “a minor reaction.” The breakout from last year’s wedge is still valid, with $1.79 acting as support and $3.00-$3.50 standing as the next targets.
Bitcoin closed the week at $112,011. His verdict: “Bull still alive and well.” The line that matters runs through $109,000-$110,000. Above, the SMA at $113,897 and resistance between $123,000-$126,000 are the next points to watch.
Stellar (XLM) and Ethereum in focus
Stellar trades at $0.33. Brandt called it “a bull waking from a nap.” The key level is $0.25 on the downside, while $0.60 remains the resistance wall that could open up a much bigger move.
Ethereum is at $3,813 and “ready to rock and roll,” according to the trader. Support sits at $3,072, resistance up at $4,700-$4,800. A break above would clear the long consolidation that has capped ETH since 2021.
The wider market is still heavy after the tariff shock, but Brandt’s message is simple: The main structures on XRP, BTC, XLM and ETH are unbroken, and the bigger trade is still pointing up.
Source: https://u.today/legendary-trader-peter-brandt-issues-bullish-verdict-on-bitcoin-xrp-ethereum-and-xlm