Peter Brandt highlights bullish XRP chart as token nears $1.50-$1.60 neckline

  • Peter Brandt highlighted XRP’s long-term chart while questioning the devotion of some token supporters.
  • $5.40 represented a roughly 251% gain from XRP’s $1.54 price during Brandt’s earlier projection.
  • XRP reached above $1.60 on Sept. 22 before retreating near $1.52 on Sept. 26.

Peter Brandt has renewed his interest in XRP’s long-term chart patterns while distancing himself from the token’s devoted investor community. His Sept. 26 chart spans more than a decade of trading, showing two extended periods of narrowing ranges before sharp advances and a smaller pattern after the latest decline. XRP was near $1.52, below its $1.66 weekly high and up about 7.9% for the week. Brandt’s earlier chart suggested a possible advance to $5.40, roughly 251% above XRP’s $1.54 price at the time, but his latest post did not repeat that level as a new target or provide a timetable. The chart follows a prior interpretation involving a possible inverse head-and-shoulders pattern near a $1.50-$1.60 neckline. During XRP’s rise above $1.60 on Sept. 22, Santiment recorded 1,917 transfers worth at least $100,000 and 3,647 new wallets, with the latter counting addresses rather than necessarily new investors.

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