XRP Surges 12%: Analyst Sees $5.40 Target

XRP has been outperforming other top-10 cryptocurrencies, gaining 12.33% over the past week.

Digital Asset Investor notes that mainstream crypto media largely ignored this performance, but not everyone is surprised.

Peter Brandt, a Wall Street chart analyst known for criticizing Ripple and its community, has set a long-term target of $5.40 for XRP.

Brandt has previously called XRP holders a cult, but his technical assessment comes without ideological motivation.

XRP's lower price makes outsized returns more accessible, driving demand and institutional investment.

The adoption threshold may be near, with institutions pouring in funds through XRP ETFs, which have recorded net monthly inflows for six consecutive months.