XRP climbed above $1.50 amid a broader cryptocurrency rally that pushed Bitcoin to an eight-month high of $87,000. Veteran trader Peter Brandt said his long-term XRP chart pointed to a potential eventual advance to $5.40, with the chart indicating the token could surpass $5 next year. The move followed an earlier short squeeze that drove XRP near $1.49, while reports also cited more than $2 billion in whale accumulation, rising XRP Ledger transactions and increased derivatives activity. Crypto analyst Ali Martinez said XRP could reach $1.60 in the short term, identifying that level as an area where roughly 2.5 billion XRP had previously traded. XRP advanced despite senators failing to invoke cloture on the CLARITY Act crypto bill, after which Ripple CEO Brad Garlinghouse said the company had never been stronger.