Brandt Sees XRP Surging 257% to $5.40 Amid Whales' Accumulation

Veteran trader Peter Brandt has made headlines with his long-term forecast for XRP, which he believes could surge to $5.40.

This represents a potential upside of 257% from its current price, according to Brandt's analysis of the cryptocurrency's trend channels and moving averages.

Brandt stressed that presenting a chart is not a trade recommendation or 'call,' but rather an attempt to provide insight into XRP's possible trajectory.

Ali Martinez, another renowned chartist and cryptocurrency trader, agrees with Brandt's assessment of XRP's potential, citing data from the Unspent Transaction Output Realized Price Distribution chart that shows relatively little resistance ahead until $1.60.