Peter Brandt Projects Long-Term Gains for XRP and Ethereum

Veteran trader Peter Brandt has published long-term charts for XRP and Ethereum, projecting significant price gains. On September 21, he shared two charts on his Twitter account @PeterLBrandt, indicating that XRP could reach $5.40 and Ethereum could rise to $8,600.

According to the charts, Brandt's analysis relies purely on classical technical analysis, not fundamentals or short-term catalysts. For XRP, he highlights a broad consolidation structure with a descending resistance line against an ascending support line. He notes that his chart implies an eventual advance to $5.40, representing a gain of over 250% from current levels.

For Ethereum, Brandt points out that clearing the $5,000 level is necessary for the price to reach $8,600. He emphasizes that sharing a chart does not equate to making a trade and urges traders to verify their claims with proof rather than relying on social media posts alone.