Veteran commodity trader Peter Brandt has set a long-term price target of $5.40 for XRP, suggesting the cryptocurrency’s technical foundations support the possibility of a multi-year advance to this level. Brandt shared his analysis on X, noting that the current technical structure could eventually lead to a significant rally from current prices.
Technical factors and price trends
XRP, the digital asset associated with Ripple Labs, is trading around $1.50 after a recent surge that saw prices climb nearly 9% on September 21 before a slight pullback. Brandt’s chart utilizes monthly XRP/USDT candles, providing a long-term view in contrast to the short-term focus of daily or hourly charts.
Brandt’s analysis centers on the convergence of two significant trendlines: a descending resistance line dating back to XRP’s 2018 peak and an ascending support line forming near the 2020 lows. According to Brandt, XRP recently broke above the upper boundary of this technical structure during its latest major advance.
After surpassing $3 previously, XRP entered a prolonged correction. Brandt’s current chart shows the cryptocurrency consolidating around $1.49, just below its 18-month moving average near $1.88.
Brandt emphasized that, while the long-term chart indicates an eventual move to $5.40, this should not be interpreted as a trade recommendation. The target suggests a potential 260% increase from current levels, but the path would likely require XRP to overcome the correction that followed its previous rally and reclaim multiple technical benchmarks.
Volatility and market positioning
Recent data from Coinbase Markets shows that XRP options were pricing in a one-standard-deviation move of approximately 8.9% through September 27. This was the highest expected volatility among major cryptocurrencies, ahead of Solana at 8.0%, Ethereum at 6.9%, and Bitcoin at 5.0%.
| Cryptocurrency | Expected Move (%) |
|---|---|
| XRP | 8.9 |
| Solana | 8.0 |
| Ethereum | 6.9 |
| Bitcoin | 5.0 |
The implied move for XRP was also about 1.79 times its historical median seven-day move. Market sentiment has shifted increasingly toward bullish positions, as observed in trading patterns and derivatives activity.
Some analysts highlighted cumulative volume delta turning positive as XRP crossed above $1.50, indicating a strengthening in buying momentum at higher price levels.
Coinbase Markets, a subsidiary of the major US-based cryptocurrency exchange Coinbase, regularly publishes data comparing volatility metrics across leading cryptocurrencies.
Mini dictionary: Cumulative volume delta refers to the running total of buying and selling volume during a trading period. A positive figure suggests more aggressive buying than selling, often viewed as a sign of market strength.
As technical and volatility indicators sharpen, XRP remains a cryptocurrency attracting close attention from both traders and long-term investors.
