XRP Draws Fresh Interest From Veteran Trader Peter Brandt

Peter Brandt finds the XRP chart interesting enough to consider a bet on the token. However, the trading veteran does not confirm any purchase and does not renew his previous target of 5.40 dollars in his latest post.

The XRP Chart Is Enough to Arouse His Interest

On September 26, Peter Brandt shared a weekly chart showing more than ten years of XRP price evolution. It reveals two long periods of price compression, followed by strong increases, as well as a more recent formation that appeared after the token’s last pullback.

The trader separates this technical reading from the attachment shown by some holders. “Charts alone have always been a sufficient reason for us to make a bet”, he said. He believes that an investor can be interested in XRP without embracing the strongest beliefs of its community.

However, his post brings several important nuances :

• Brandt does not confirm having bought XRP ;
• His chart contains no new upward timeline ;
• The 5.40 dollar level comes from a previous analysis ;
• His interest is based on price evolution, not on Ripple’s fundamentals.

The term “bet” should therefore not be interpreted as an announcement of an open position. Brandt regularly distinguishes a public chart analysis from an actually executed trade.

The 5.40 Dollar Target Is Not a New Forecast

On September 21, Peter Brandt published another long-term chart. It suggested a possible XRP rise to 5.40 dollars. The token was then around 1.54 dollars, representing a potential increase of about 251%.

The trader did not provide any date to reach this level. He also specified that sharing a chart did not constitute a trading operation. According to him, anyone claiming to have made a trade must provide evidence beyond a simple post on X.

His new intervention neither repeats the 5.40 dollar level nor a numerical projection. It only confirms that XRP’s historical structure remains of interest. Presenting this message as a new 5.40 dollar prediction would therefore mix two separate posts.

Since the price of 1.54 dollars observed during the first analysis, the envisaged threshold would have placed XRP above its previous record of 3.65 dollars. Such a movement would however require breaking several intermediate resistances.

Two Long Compressions Preceded Strong Rallies

Brandt’s weekly chart covers most of the history of Ripple crypto. It highlights two phases during which the peaks lowered while the lows rose gradually. This contraction reduces the amplitude of movements until a clear breakout gives a new direction to the market.

A comparable structure preceded XRP’s rally in 2017. Another compression formed before the acceleration seen from the end of 2024. Brandt then described the setup as a “massive coil”, meaning a huge spring ready to unwind.

Nevertheless, in November 2024, he specified that he held no long position and did not plan to open one. This caution illustrates the limits of current XRP analysis: a favorable formation can attract attention without automatically triggering a trade.

The September 26 chart also seems to show a shorter pattern after the recent correction. This could correspond to an inverted head-and-shoulders, but Brandt does not explicitly name it in his message.

XRP Still Needs to Break a Decisive Resistance

On September 28, XRP traded around 1.48 dollars, down about 3.9% on the session. The token had reached 1.66 dollars earlier in the week before losing part of its gain.

The zone between 1.55 and 1.66 dollars is now the main short-term obstacle. A confirmed breakout would open the way towards 2 dollars, approximately the target of the small formation visible on the weekly chart. Conversely, a sustained retreat below 1.45 dollars would weaken this scenario.

The 5.40 dollar target belongs to a much longer horizon. It depends on a complete breakout from the structure built up over several years, and not on a simple weekly rebound. Peter Brandt’s message thus remains positive for XRP but is neither a purchase confirmation nor a guarantee of a rise.