Brandt Sees XRP Reaching $5, But Whale Demand Will Be Key
Veteran trader Peter Brandt has given XRP a bullish outlook, suggesting it could climb above $5 in the long term. According to his technical analysis, if the trend develops as expected, XRP could break above the key $5 psychological level by next year.
Brandt shared a chart on X showing a potential move toward $5.40. This forecast comes as cryptocurrencies stage a broad recovery, with Bitcoin reaching an eight-month high of $87,000 and XRP climbing above $1.50, gaining more than 8% according to TradingView data.
XRP's latest advance has coincided with stronger on-chain activity. Large holders have increased their positions, XRP Ledger transaction activity has risen, and derivatives open interest has climbed, indicating growing market participation during the rally.