- Peter Brandt’s long-term chart suggests XRP could eventually reach $5.40.
- Whales have accumulated more than $2 billion worth of XRP in recent weeks.
- XRP climbed back above $1.50, gaining more than 8% in just a few days.
Peter Brandt, a veteran analyst on X, published a long-term XRP chart pointing to an eventual move toward $5.40, based on a multi-year pattern. Brandt framed the chart as an observation rather than a trade call. Responding to his broader use of disclaimers, Raoul Pal said analysts shouldn’t have to hedge every post, calling the practice frustrating on X.
Setup Behind the $5.40 Target
Brandt’s monthly chart shows XRP consolidating inside a long triangle pattern that has formed since its 2021 highs, with price recently testing the upper boundary near $1.50. A confirmed breakout from that structure is what underpins the longer-term projection.
Momentum Building Across The Market
The chart comes as broader sentiment improves. Bitcoin recently touched an eight-month high near $87,000, and XRP climbed back above $1.50. Activity on the XRP Ledger has also picked up, with transaction counts rising alongside growing open interest in XRP derivatives, a sign traders are positioning for continued volatility.
Whale Buying Shows Up In Price
On-chain data shows large wallets have accumulated more than $2 billion worth of XRP in recent weeks. That demand now appears to be reflected in price action, with XRP up more than 8% over three days. Experts tracking realized price distribution data say there is comparatively little resistance between current levels and $1.60, where roughly 2.5 billion XRP previously changed hands and could attract profit-taking as price approaches.
What Analysts Are Watching Next
For now, $1.60 stands out as the next important level, with some traders expecting it to trigger selling before any push toward higher prices resumes. Whether XRP can build on this rally toward Brandt’s longer-term $5.40 projection remains speculative and depends on sustained demand rather than any single technical signal or chart pattern alone.
Related: XRP Price Prediction: Is This the Rally That Finally Breaks Through?
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