Veteran trader Peter Brandt sets $5.40 long-term price target for XRP

Brandt’s XRP price analysis gains attention

John Squire, who is widely followed in the crypto community, brought Brandt’s target into the spotlight on X. He emphasized that Brandt’s analysis is based purely on technical indicators and does not rely on the more speculative forecasts commonly discussed among XRP supporters.

In his post, Squire wrote, “PETER BRANDT JUST PUT $5.40 XRP ON THE TABLE,” and specified that Brandt’s long-term analysis points toward a move to $5.40, diverging from forecasts of $100 or $1,000 price objectives. Squire described the $5.40 level as a technically derived projection from “one of the most experienced chartists in the game.”

Brandt’s long-term XRP chart points to an eventual move toward $5.40, with no extraordinary price claims such as $100 or $1,000. Squire calls this a technical analysis milestone from one of the most knowledgeable chartists in the market and adds that the first target along this path would be new all-time highs for XRP.

Squire also directed attention to the relevance of XRP surpassing its previous record high as a critical step before reaching Brandt’s target. While higher price claims for XRP have frequently circulated, Squire characterized the $5.40 outlook as restrained and rooted in chart analysis.

Long-term perspective and technical structure

Peter Brandt’s analysis relies on reviewing XRP’s monthly price action, mapping out the broader technical structure over an extended period. The chart identifies $5.40 as a long-term destination, not an immediate objective.

No specific timeframe has been provided for XRP to reach this level. The target offers traders and investors a benchmark to watch for as XRP develops its next significant price movement.

Mini dictionary: Peter Brandt is a veteran commodities and crypto trader known for technical analysis and market commentary. He has decades of experience in charting and regularly shares forecasts and educational content.

XRP’s path to reaching $5.40

To approach Brandt’s $5.40 target, XRP would require a notable price increase from current levels and must first break above its historical all-time high. Squire’s comments suggest that setting a new record price would be the first milestone before targeting the level Brandt identified.

Brandt’s projection stands apart from other ambitious forecasts, which sometimes promote price targets of $100 or even $1,000. Instead, his approach emphasizes chart-based analysis and technical milestones.

As XRP’s price action continues to develop, traders and investors may monitor both the previous all-time high and the $5.40 level highlighted by Brandt as key reference points for the future.

Brandt’s projection does not establish a deadline for XRP to reach $5.40; instead, it offers a long-term technical level for market participants to watch if current patterns persist.