Brandt Sees XRP Hitting $5.40: Bullish Chart Analysis Sparks Debate

After weeks of choppy price action, XRP is back in focus as veteran chart technician Peter Brandt shares his long-term view on the token. According to Brandt, who has decades of market cycles behind him, an open read of the charts justifies a bet that XRP's price will eventually reach $5.40.

Brandt emphasized that owning XRP doesn't require 'certified cult membership,' and one can make an informed decision based on the charts alone. His long-term monthly chart, built on a decade of resistance-and-support structure, points to this potential move.

The timing of Brandt's prediction coincides with whale accumulation of roughly 470 million tokens (about $724 million) over five days and an inverse head-and-shoulders pattern flagged near a $1.55 neckline. However, current price action sits below the $1.60 resistance zone that has capped multiple attempts this month.