XRP Price Surges on Veteran Trader's 260% Upside Prediction

XRP has seen a 3.80% price jump to $1.53 in the past 24 hours, outperforming the broader crypto market.

Veteran trader Peter Brandt shared a long-term chart indicating a potential 260% upside, with a target of $5.40 for XRP.

The chart shows XRP breaking above a major resistance trendline that has capped its larger price moves since the 2018 all-time high.

However, Brandt emphasized that his chart is not a trade recommendation and warned against treating it as such.

Crypto analyst Ali Martinez pointed to a short-term price zone around $1.60, where significant whale activity has accumulated XRP worth approximately $2.2 billion in 96 hours.