TLDR
- Veteran trader Peter Brandt identifies a potential move to $2.16 for XRP, representing a 43% gain from the $1.51 chart level.
- The trader spotted a cup-and-handle formation nested within what could become an inverse head-and-shoulders pattern.
- Significant supply overhead in the $2 to $3.70 range may generate selling pressure during any XRP recovery.
- Among several altcoins analyzed, Brandt ranks Monero first, followed by Solana and Ether, with XRP lower on his preference list.
- Brandt emphasized that his $2.16 target remains conditional, as technical patterns can shift as markets evolve.
Seasoned trader Peter Brandt has outlined a path for XRP to reach $2.16, based on technical analysis from a chart position near $1.51. This projection suggests approximately 43% growth potential from that reference point. Brandt tempered his outlook by noting substantial resistance awaiting the token at higher levels.
Technical Analysis Supports $2.16 XRP Target
Brandt spotted a cup-and-handle formation potentially developing as part of a broader inverse head-and-shoulders configuration. His $2.16 target derives from the measured-move calculation applied to this pattern. The trader clarified that technical objectives remain subject to revision as price action unfolds.
The right shoulder of the proposed pattern appears underdeveloped and compressed, according to Brandt. This incomplete structure suggests further price evolution may occur before XRP attempts a decisive upward thrust. XRP concluded its strongest third quarter in four years before entering October, with market participants monitoring key resistance zones around $1.54 and $1.70.
Brandt highlighted the concentration of supply positioned above current XRP prices. During the 2025 rally, numerous market participants accumulated XRP between approximately $2 and $3.70. These holders may choose to exit positions if the token recovers toward their purchase prices, creating resistance layers that could slow upward momentum.
Current market data indicates XRP maintaining stability near $1.50 while trading activity expands. Trading volume for XRP has increased recently even as the token consolidates near support levels. Additionally, Ripple executed its scheduled one-billion-XRP escrow release on October 1. Brandt maintains that his $2.16 projection serves as a potential target rather than a guaranteed destination.
Chart Patterns Drive Trading Strategy
Brandt disclosed that he relies exclusively on technical price charts for cryptocurrency trading decisions, with Bitcoin being the sole exception where fundamentals factor into his analysis. His current XRP assessment continues a pattern of chart-based interest despite previous critical remarks about the asset’s underlying characteristics.
This methodology clarifies why Brandt conducted a comparative review of XRP against multiple altcoins. His examination centered on historical trading ranges, technical pattern quality, and the volume of supply positioned above prevailing market prices. These technical considerations informed his relative preferences among different cryptocurrency setups.
Monero Tops Brandt’s Altcoin Chart Rankings
Brandt observed that Monero has already worked through much of its overhead supply. He expressed greater confidence in Solana’s cup-and-handle configuration and noted that while Ether displays heavy consolidation, it carries less supply overhang than XRP. XRP has remained anchored near $1.50 as market participants evaluate the likelihood of a breakout above the $1.60 threshold.
Stellar also carries overhead supply according to Brandt, though at a smaller magnitude compared to XRP. Among all assets in his comparative analysis, Brandt designated Monero as his top chart preference. For XRP to achieve the $2.16 level, the pattern must continue developing while buyers successfully absorb the supply positioned above the current market.
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