u.today
Veteran commodity trader Peter Brandt has outlined a substantially higher long-term price target for $XRP, arguing that the cryptocurrency’s technical structure could eventually support a move to $5.40.
"This is my long-term chart of $XRP,” Brandt wrote on X. “It implies an eventual advance to $5.40."
The target would represent a roughly 260% increase from the $1.50 area where $XRP is currently trading.
The cryptocurrency jumped almost 9% on Sept. 21 before giving up a small portion of those gains.
Brandt, however, was careful to stress that the chart should not be interpreted as an actual trade recommendation.
What Brandt's chart shows
Brandt's chart uses monthly $XRP/USDT candles, giving the analysis a considerably longer time horizon than the daily or hourly charts typically used for short-term price predictions.
A descending resistance line extending from the 2018 peak converged for years with an ascending support line originating around the 2020 lows. $XRP eventually moved through the upper boundary of this structure during its latest major advance.
After surging above $3, $XRP entered a lengthy correction. Brandt's chart now shows the cryptocurrency trading around $1.49 while consolidating underneath its 18-month moving average, which sits close to $1.88.
This means that Brandt's $5.40 projection is clearly not based on an immediate breakout from current levels. $XRP would first have to reverse the substantial correction that followed its previous rally and regain several important technical levels.
$XRP volatility expectations surge
As reported by U.Today, Coinbase Markets recently estimated that $XRP options were pricing in a one-standard-deviation move of approximately 8.9% through Sept. 27.
This was the largest expected move among the major cryptocurrencies included in Coinbase's comparison, ahead of Solana's 8.0%, Ethereum's 6.9% and Bitcoin's 5.0%. $XRP's implied move was also about 1.79 times its historical median seven-day move.
At the same time, positioning has become increasingly tilted toward bulls.
Some $XRP market observers have also pointed to cumulative volume delta turning positive as the price pushed through $1.50.