Brandt Predicts XRP Could Hit $5.40 in Long-Term
Crypto analyst Peter Brandt has made a bold prediction for XRP's long-term price movement, claiming that it could reach $5.40 in the future. This estimate represents a significant increase of approximately 265% from XRP's current value.
Brandt's chart analysis suggests that XRP is currently in a consolidation structure, with a descending resistance line from the 2018 highs and a rising support level from the 2020 lows.
Notably, the recent 8.22% price rise has drawn attention from crypto whales, with big-time investors acquiring $2 billion worth of XRP during a three-day period. The UTXO Realized Price Distribution (URPD) metric indicates that there is still room to run, with small resistance at levels up to $1.60.
However, it's essential to note that Brandt's prediction is not a trading recommendation and should be taken as a long-term chart analysis only.