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XRP Could Reach $5.40 Says Peter Brandt, But Major Hurdles Ahead

Guavy AI Editorial Team
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XRP
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Veteran trader Peter Brandt is predicting a long-term price target of $5.40 for XRP, but he's emphasizing that this will require a significant rally first.

Currently trading around $1.49, XRP needs to break above its 18-month moving average at $1.88 and overcome resistance between $3.00 and $3.40 before reaching Brandt's target.

The chart analysis is based on a monthly chart of XRP that shows a contracting formation created between the token's 2018 peak and subsequent recovery attempts.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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