๐ฅ๐ฅHOT : Peter Brandt Eyes $5.40 XRP โ But Calls It a Chart, Not a Trade $RHEA
Veteran trader Peter Brandt says XRP could eventually surge to **$5.40**, based on a long-term monthly chart showing a multi-year breakout pattern. That target implies roughly **260% upside** from levels around $1.50 when he posted it.
The catch: Brandt stresses this is not a trade call โ just a technical observation. "Eventual" means long-term, not imminent.
What needs to happen first:
ยท XRP must reclaim its 18-month moving average (~$1.88)
ยท Clear resistance near $3** and **$4
ยท Sustain momentum after its recent correction
Context: Whale accumulation of over **$2 billion** in XRP and elevated options volatility add to the bullish backdrop โ but the road to $5.40 is far from guaranteed.
Veteran trader Peter Brandt says XRP could eventually surge to **$5.40**, based on a long-term monthly chart showing a multi-year breakout pattern. That target implies roughly **260% upside** from levels around $1.50 when he posted it.
The catch: Brandt stresses this is not a trade call โ just a technical observation. "Eventual" means long-term, not imminent.
What needs to happen first:
ยท XRP must reclaim its 18-month moving average (~$1.88)
ยท Clear resistance near $3** and **$4
ยท Sustain momentum after its recent correction
Context: Whale accumulation of over **$2 billion** in XRP and elevated options volatility add to the bullish backdrop โ but the road to $5.40 is far from guaranteed.
