Brandt Says Charts Alone Justify Buying XRP Amid Bullish Setup

Peter Brandt, a veteran market analyst, has stirred up debate among XRP holders by stating that owning the token does not require blind loyalty. In his view, an open mind toward the charts is enough to justify purchasing XRP.

Brandt's long-term monthly chart points to eventual upside near $5.40, based on a decade-long resistance-and-support structure. He stressed that publishing a projection differs from holding an active trade.

XRP currently trades around $1.52 after climbing back from recent lows. Other analysts echo the bullish read, with Ali Charts flagging an inverse head-and-shoulders pattern and Trader Dark Defender calling for a parabolic move.

The accumulation of large holders is also supportive, with whales adding roughly 470 million tokens worth about $724 million over five days. U.S. spot XRP ETFs have posted eleven straight weeks of net inflows, lifting cumulative totals to near $1.79 billion.