Price Prediction
Peter Brandt Targets $2.16 for XRP
Veteran trader Peter Brandt has forecasted a potential price target of $2.16 for Ripple's XRP token. Brandt's analysis suggests a significant upside from current levels near $1.50. He bases his outlook on technical analysis, identifying a cup-and-handle pattern in XRP's chart. Brandt notes that the potential right shoulder in the pattern is underdeveloped, raising concerns about a stronger breakout attempt. Despite these concerns, Brandt remains cautious, noting strong resistance levels above $1.54 and $1.70. He also mentions that many investors who bought XRP during the 2025 rally may sell once prices revisit those levels, potentially slowing any recovery. Brandt's prediction reflects a bullish view on XRP, but acknowledges the need for further consolidation and strong demand to materialize.