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Peter Brandt wants a piece of XRP. Not because he loves the token — he’s pretty clear he doesn’t — but because the charts keep pulling him back in.
The veteran trader, who founded Factor Trading in 1980 and has spent decades reading classical chart patterns across every major market, shared his latest thinking on XRP on September 26. His take was blunt: “The charts alone have always been enough reason for us to make a bet.” No devotion required. No loyalty to the asset. Just the pattern on the screen telling him something might be worth the risk. Brandt has been at this since the 1970s, and that discipline — stripping emotion out of the trade — is basically his whole thing. He’s not an XRP believer. He’s a chart reader who keeps finding XRP interesting.
At the time he posted, XRP was sitting around $1.52, up 7.9% on the week but still below its weekly high of $1.66.
The $5.40 Target and What It Actually Means
Five days earlier, on September 21, Brandt put out a long-term chart that mapped a possible XRP advance to $5.40. From where the token was trading then — around $1.54 — that’d be a 251% move. Big number. Eye-catching. And Brandt was quick to draw the line between posting a chart and actually pulling the trigger on a trade. Those are two different things, he made clear. A public chart projection isn’t a confirmation of an executed position. He wants evidence. He needs evidence. That distinction matters a lot in a market where people constantly blur the line between talking about a trade and actually being in one.
He didn’t repeat the $5.40 target in his September 26 update, and he didn’t set a timeline for it either time. So the projection sits out there — real, but open-ended.
What Brandt’s long-term analysis keeps coming back to is a pattern he’s spotted across more than a decade of XRP price history: long stretches of tight, narrow trading ranges, then sharp moves higher. It’s a setup he’s seen repeat. Whether it repeats again is the question nobody can answer yet.
Market Activity Around the September Surge
Something did happen right after that September 21 call. XRP pushed above $1.60 on September 22 before pulling back. And during that move, the on-chain data got busy fast. Per Santiment, more than 1,917 transfers of at least $100,000 went through. At the same time, 3,647 new wallets were created. That’s a lot of movement in a short window.
But Brandt — and the Santiment data itself — was careful not to oversell it. Large transfers and new wallets don’t automatically mean fresh investors flooding in. It’s active trading, sure. Probably some repositioning. Maybe some speculation around the chart call. Unclear whether it signals sustained accumulation or just short-term noise.
Brandt’s interest in XRP’s price behavior goes back further than September. In November 2024, he flagged what he called a “massive coil” — a narrowing price pattern that he thought was worth watching. He said at the time he held no position. Same disciplined separation between observation and action.
And then there’s Evernorth. The company is planning a campaign tied to its proposed Nasdaq listing that would involve members of the XRP community. CEO Asheesh Birla is behind it. Details are still thin — no specifics have come out yet about what the campaign actually looks like or when it kicks off. But the idea of pulling XRP community members into a Nasdaq listing push is an interesting angle, and it probably adds a layer of attention to the token that traders like Brandt will keep an eye on.
The broader context here is that XRP has never really been a quiet asset. It draws passionate holders, it draws skeptics, and it draws chart traders who don’t particularly care about either camp. Brandt falls into that last group. He’s said as much. The token’s community loyalty, which runs deep, isn’t something he finds useful for trading decisions. What he finds useful is a decade-plus of price data and the patterns that keep showing up inside it.
His trading method — classical charting, refined over roughly five decades — doesn’t bend for sentiment. It doesn’t care what XRP holders think the token is worth. It looks at what the price has done, maps the structure, and asks whether the setup is there.
Right now, per Brandt, it kind of is. XRP at $1.52, weekly gain of 7.9%, and a long-term chart pointing toward $5.40.
Hub: XRP price, news, and analysis
Frequently Asked Questions
What price target did Peter Brandt set for XRP?
On September 21, Brandt shared a long-term chart projecting a possible XRP advance to $5.40, which would represent a roughly 251% increase from XRP’s price of around $1.54 at that time. He did not attach a specific timeline to the projection.
What on-chain activity happened after Brandt’s September 21 XRP chart post?
XRP surged above $1.60 on September 22, and per Santiment data, more than 1,917 transfers of at least $100,000 occurred alongside the creation of 3,647 new wallets during that period.
Why It Matters
Peter Brandt's analysis of XRP highlights the increasing interest in the token among traders, particularly as significant market movements, such as the recent large transfers, may indicate shifting supply dynamics. His focus on technical analysis underscores the ongoing volatility and speculative nature of the cryptocurrency market, where price movements can be driven by chart patterns irrespective of underlying fundamentals. This perspective could influence other traders' strategies and contribute to XRP's price action in the near term.
