Brandt Sees XRP Soaring to $5.40 Amid Technical Reversal
Veteran commodity trader Peter Brandt has made a significant long-term price prediction for XRP, estimating that it could eventually surge to $5.40.
This target would represent a roughly 260% increase from XRP's current trading area around $1.50.
Brandt based his projection on the cryptocurrency's technical structure, using monthly XRPUSDT candles for analysis.
He explained that a descending resistance line extending from the 2018 peak converged with an ascending support line originating around the 2020 lows.