Community Trust ScoreVerified
Peter Brandt posted a weekly chart of XRP on September 26. No open position. No firm prediction. Just a chart covering more than ten years of the token’s history—which he believes is worth a look.
The veteran trader shared this chart on his social media without much fanfare. What it shows: two distinct periods where XRP underwent prolonged price compression, each followed by a marked surge. The first dates back to 2017. The second, to late 2024. Brandt had described this setup as a “massive coil”—a kind of compressed spring that, when released, can generate a sharp movement. But he is careful to clarify one thing: sharing a chart does not mean he has bought. It is not a transaction. It’s not even a recommendation.
Cautious, the man is.
Revisiting the Chart, Without the $5.40 Target
Five days before this post, on September 21, Brandt had published another chart—this one much more direct. He mentioned a possible rise of XRP to $5.40, while the token was around $1.54 at the time. No date. No specific conditions. Just a target level that had made quite a stir in the XRP community, a community known for its enthusiasm, sometimes excessive, in response to such signals.
And in his analysis on September 26? The $5.40 target is gone. Brandt no longer mentions it. He focuses on the historical structure of the chart, on this repeating compression pattern, without predicting an immediate rise. It’s an important nuance. There’s a difference between “this chart is interesting” and “XRP is going up.” Brandt, for his part, remains in the former camp.
He goes even further on the question of credibility. He says his interest in XRP can rest solely on chart analysis, without it having anything to do with the convictions of the XRP community. In other words: he looks at the chart, not the forums. And if someone claims to trade based on analysis without providing concrete evidence, Brandt believes tangible proof is needed. Not screenshots. Real proof.
In November 2024, he had been clear about this: he held no long positions on XRP and did not plan to open any. This stance has not changed in his recent statements.
Price on September 28: Resistance and Scenarios
As of September 28, XRP trades around $1.48. A 3.9% drop from the previous day. Not catastrophic, but not the kind of movement that makes you want to hit the buy button.
The range between $1.55 and $1.66 is the wall to break in the short term. That’s where it gets stuck. A move above this resistance could pave the way to $2—but that remains conditional on a favorable market dynamic, and nothing in the current data guarantees this scenario. Conversely, a drop below $1.45 would seriously undermine the bullish hypothesis.
As for $5.40, it’s a long-term perspective. Very long-term, probably. Reaching this level would require breaking resistances built over years. Not impossible—the historical chart shows that XRP can surprise—but not for tomorrow morning.
Some analysts outside of Brandt see in the current configuration a possible inverted head-and-shoulders, a classic bullish reversal pattern. Brandt himself did not use this term in his recent analysis. It’s unclear if he subscribes to it or not.
What is clear: XRP remains a token that polarizes. Its community is loud, its price movements are often violent, and technical analyses circulate rapidly, sometimes distorted in the process. Brandt knows this better than anyone—he has had to correct erroneous interpretations of his own charts.
And perhaps that’s why he insists so much on the distinction between looking at a chart and trading on it. Like, just because a spring is compressed doesn’t mean it will release tomorrow. Nor in the direction one hopes.
XRP at $1.48 on September 28, down 3.9% on the day.
Hub: XRP: price, news, and analysis
Frequently Asked Questions
What price target did Peter Brandt mention for XRP?
On September 21, Brandt published a chart suggesting a possible rise to $5.40, while XRP was around $1.54. In his analysis on September 26, he no longer mentions this target.
Does Peter Brandt hold any positions on XRP?
No. In November 2024, he clearly stated that he held no long positions and did not plan to open any. His recent publications do not change this position.
Why It Matters
Peter Brandt's analysis of XRP highlights the historical patterns of price compression followed by significant surges, a phenomenon that could inform traders' expectations around potential future movements. As XRP continues to navigate regulatory challenges and market volatility, understanding these patterns may provide insights into the token's resilience and long-term behavior, particularly as it relates to broader trends in the cryptocurrency market. Such analysis is crucial for investors looking to make informed decisions amidst the evolving landscape of digital assets.
