XRP Technical Analysis Trumps Community Loyalty for Peter Brandt

Veteran chartist Peter Brandt has made a case for XRP that diverges from the typical arguments put forth by its vocal community. He pointed to a decade-long XRP/USD chart showing long-term narrowing structures, suggesting that this technical setup alone could justify 'a bet' without considering any Ripple partnership news or regulatory catalyst.

Brandt's analysis focused on the token's near-term price structure, noting that XRP is currently consolidating in a tight band around $1.51, with short-term support at $1.48-$1.50 and resistance clusters at $1.54-$1.56. The next meaningful ceiling for XRP would be $1.60 before it needs to contend with the heavier $1.80-$2.00 zone tied to prior selling pressure.

Brandt's long-range target for XRP is $5.40, although this scenario plays out over years, not weeks. The base case puts XRP in a $1.52-$2.15 range with a $1.79 midpoint by 2026, while the bear case suggests that if XRP fails to hold $1.50, it could point back toward the low-$1.40s.