Brandt Predicts $5.40 Target for XRP Amid 260% Upside

Renowned trader Peter Brandt has shared his analysis of XRP's long-term chart on Twitter, pointing to a potential price target of $5.40. This represents around 260% upside from the current price near $1.52.

The chart shows XRP breaking above a major resistance trendline that has capped its larger price moves since the 2018 all-time high. Brandt's analysis also indicates that XRP is holding above long-term exponential moving averages, supporting a bullish setup.

However, Brandt warned traders not to treat his chart as a trade recommendation. He emphasized that sharing the chart does not mean he is recommending a trade, and that people who claim trades need to provide proof or else the claims are not credible.