Brandt Projects XRP to $5.40 and ETH to $8,600 in Long-Term Charts

Veteran trader Peter Brandt has shared long-term projections for two major cryptocurrencies, XRP and Ethereum.

Using classical technical analysis on monthly charts, Brandt forecasts that XRP will eventually reach $5.40, a gain of over 250% from its current price of around $1.52.

For Ethereum, he predicts an advance to $8,600 once the price clears $5,000, which is currently trading near $2,731.

Brandt emphasized that his charts are based on probabilities and not a guarantee of future prices.

Some analysts believe that these targets may be achievable, given the current market sentiment and technical indicators. However, others have expressed caution, noting that past price movements do not necessarily predict future outcomes.