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Peter Brandt looked at three charts side by side — XRP, Monero, Solana — and walked away with a clear favorite. Two of them, actually. XRP wasn’t one.
Why It Matters
This analysis by Peter Brandt underscores the importance of technical indicators in assessing the relative strength of cryptocurrencies, especially as traders increasingly rely on price action over narratives. The comparison suggests that Monero and Solana may present more favorable trading opportunities than XRP, which could influence investor sentiment and trading strategies within the market. Additionally, Brandt's critique of XRP's chart formation highlights ongoing concerns about its price trajectory amidst broader regulatory and market challenges, further emphasizing the need for traders to remain vigilant in their technical assessments.
Brandt, a veteran trader known for strict technical discipline, shared his read on the weekly charts for all three assets. He kept the analysis purely price-action based. No narratives, no fundamentals, no macro storytelling. Just the charts. And on that basis alone, Monero and Solana came out ahead.
XRP’s Cup-and-Handle Has Problems
The XRP chart does show a cup-and-handle pattern on the weekly timeframe. That’s normally a bullish signal — a continuation setup that traders watch for a breakout above resistance. But Brandt’s take wasn’t exactly enthusiastic. The formation looks incomplete at the larger timeframe scale, and he thinks it might be shaping into the right shoulder of an inverted head-and-shoulders pattern instead. The conditional target from that setup sits around $2.16.
Conditional being the key word here.
Brandt flagged the pattern as weak. The bigger issue is overhead supply — a dense zone of prior trading activity sitting above current price levels. That congestion acts as resistance, and it’s heavy. Anyone who bought XRP in that range and is sitting on losses has an incentive to sell into any rally, which keeps a lid on upside momentum. Until that supply gets absorbed, any move toward $2.16 stays speculative at best.
He also made a point of telling XRP holders not to take the chart reading personally. The chart is what it is. Patterns can shift. Measured moves don’t always play out. He’s just reading the structure as it stands right now.
Why Monero and Solana Look Cleaner
Monero’s chart tells a different story. Brandt said XMR has already done the hard work — it absorbed most of its prior resistance. The result is what he called “clear sailing” ahead, meaning the path upward isn’t cluttered with the same kind of overhead supply dragging on XRP. On top of that, Monero’s chart shows a series of higher highs, which is exactly the kind of price action structure traders want to see. It’s the setup Brandt called his preferred choice among the three.
Worth noting: he made that preference based entirely on chart structure. Not on Monero’s privacy features, not on any regulatory angle, not on any narrative. Purely price action.
Solana also got positive marks. Its cup-and-handle formation is more developed than XRP’s — broader rounded base, better-defined resistance levels. That kind of structure tends to produce cleaner breakouts when the resistance finally gives way. Some resistance does remain, Brandt said, but the overall chart looks more organized and more decisive than what XRP is showing.
So between the three, it’s pretty much Monero at the top, Solana close behind, and XRP lagging on chart quality alone.
Ethereum and Stellar Got a Brief Look Too
Brandt didn’t stop at the three main charts. He briefly touched on Ethereum and Stellar as well. Ethereum carries notable congestion — not exactly a clean chart — but Brandt said it doesn’t face the same intensity of overhead supply that XRP is dealing with. That’s a meaningful distinction. Congestion and overhead supply aren’t identical problems, and Ethereum’s version is apparently less severe.
Stellar came out looking relatively light on resistance by comparison. Less clutter, cleaner path. Brandt didn’t go deep on either of those two, but the brief mention fits his broader point: overhead supply varies significantly across assets, and it matters a lot when you’re trying to figure out which charts have room to run.
The whole analysis is a reminder of how much resistance levels shape near-term potential. A strong narrative around a token can pull in buyers, but if the chart is buried under old supply, price tends to grind rather than surge. Brandt’s been around long enough to know the difference between a story and a setup.
He also flagged something traders probably already know but tend to forget: chart patterns evolve. What looks like a promising formation today can morph into something weaker or fail entirely. Measured moves are targets, not guarantees. He’s seen it happen plenty of times, and his whole approach is built around staying flexible when the structure shifts.
For now, his read is straightforward. Monero’s chart is the cleanest. Solana’s is solid. XRP’s is conditional, weak, and sitting under heavy supply with a $2.16 target that may or may not materialize.
Hub: Solana price, news, and analysis
Frequently Asked Questions
What is Peter Brandt’s price target for XRP based on the inverted head-and-shoulders pattern?
Brandt put a conditional target of $2.16 on XRP if the inverted head-and-shoulders pattern completes, but he called the setup weak and flagged heavy overhead supply as a major obstacle.
Why does Brandt prefer Monero’s chart over XRP’s right now?
Brandt said Monero has already absorbed most of its prior resistance and is showing a series of higher highs, giving it what he described as “clear sailing” ahead — a cleaner structure than XRP’s congested chart.
