On Monday, seasoned trader Peter Brandt forecast a potential fourfold jump in XRP’s (CRYPTO: XRP) price as the fifth-largest cryptocurrency regained momentum.

XRP’s Long-Term Forecast

Brandt shared a long-term monthly chart of XRP on X, which projected an “eventual advance” to $5.40, citing trend channels and moving averages. This represents a potential upside of 257%.

Buy What Happens in the Short Term?

Meanwhile, Ali Martinez, another renowned chartist and cryptocurrency trader, highlighted that XRP whales had been heavily accumulating tokens lately

Martinez added that there may “still be room to run,” citing data from the Unspent Transaction Output Realized Price Distribution chart.

The indicator maps out the exact price levels where existing coin supplies last moved or were acquired on-chain.

The URPD shows relatively little resistance ahead until $1.60, where roughly 2.50 billion XRP previously changed hands,” Martinez stated. “That’s the next major level I’m watching for potential profit-taking.”