Peter Brandt has spent nearly 50 years reading charts. His opinions on XRP have ranged from calling it a scam to calling its chart “the most powerful in all of crypto.” Now, the veteran technical analyst has shared a long-term monthly chart of XRP/USD with a price target of $5.40.
His post states: “This is my long-term chart of $XRP. It implies an eventual advance to $5.40.” However, he also adds a clear disclaimer. “A claim of a ‘call’ or simple presentation of a chart is NOT a trade,” he writes. “People who claim ‘trades’ need to provide proof or else the claims are BS. An X post is NOT proof.”
What the Chart Shows
The monthly XRP chart covers price action from 2015 to present. It includes two moving averages, an 8-period and an 18-period, alongside ADX and Average True Range indicators at the bottom.
The chart shows a large symmetrical triangle forming across several years. A descending upper boundary and a rising lower boundary converged toward a single point. In late 2024, XRP surged over 500%. It broke above the upper boundary, reaching above $3 for the first time since 2018.
This is my long-term chart of ripple:native It implies an eventual advance to $5.40
A claim of a "call" or simple presentation of a chart is NOT a trade People who claim "trades" need to provide proof or else the claims are BS An X post is NOT proof pic.twitter.com/Szu6FiZq2T— The Factor Report (@PeterLBrandt) September 21, 2026
The Current Trend
Following that breakout, XRP traded within a horizontal channel. It traded within the boundaries for much of 2025 but fell below the second half of the year.
XRP has remained in an extended consolidation phase since then, but is now retesting the horizontal channel.
The ADX reads 27.59, indicating a moderately strong trend, while its declining trajectory suggests weakening trend strength. The Average True Range stands at 0.6126, reflecting elevated monthly price volatility. Brandt’s $5.40 target comes from his reading of the overall structure, though the chart itself does not display the specific calculation.
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Brandt’s History With XRP
Brandt’s relationship with XRP has never been simple. He called the asset a scam in 2020. He then acknowledged he was wrong in 2021. More recently, he called XRP investors the most biased group he had encountered in 50 years of trading. He also claimed no one cares about XRP.
However, his chart analysis now places a long-term target 262% above current prices. He remains consistent on one thing. Chart analysis is not a trade recommendation. And while he may not be on very good terms with the community, he still trusts the charts.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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