Brandt Sees XRP Price Rallying 260% to $5.40

Veteran trader Peter Brandt has published a long-term chart of XRP that suggests a possible 260% upside to $5.40, according to his tweet.

The chart shows XRP breaking above a major resistance trendline that has capped its larger price moves since the 2018 all-time high and holding above long-term exponential moving averages.

Brandt's chart implies an eventual advance to $5.40 from the current price near $1.52, representing around 260% upside.

However, Brandt warned traders not to treat his chart as a trade recommendation and made it clear that sharing the chart does not mean he is recommending a trade.