The post XRP Jumps 8.7% as Peter Brandt’s Chart Signals Advance to $5.40 appeared on BitcoinEthereumNews.com.
Key Takeaways Brandt’s long-term XRP chart points toward an eventual $5.40 advance. XRP traded near $1.54 after climbing 8.7% over 24 hours. Ripple and XRPL developments accompanied the sharp price increase. Peter Brandt’s Long-Term XRP Chart Points to $5.40 XRP investors received a bullish long-term projection on Sept. 21 as veteran trader Peter Brandt shared on X a monthly chart implying an eventual advance to $5.40. The target would place XRP well above its recent range and more than triple the price recorded when he published the chart. Brandt wrote: “This is my long-term chart of $XRP It implies an eventual advance to $5.40.” “A claim of a ‘call’ or simple presentation of a chart is NOT a trade. People who claim ‘trades’ need to provide proof or else the claims are BS. An X post is NOT proof,” he added. Brandt entered the commodity trading business in 1976 and founded Factor Trading in 1980, where he focused primarily on proprietary capital. His career in classical chart analysis also includes managing institutional trading activity and writing two books on commodity trading and chart patterns. The veteran trader distinguished a public price forecast from an executed trade. His chart presents a bullish XRP call based on technical analysis, but proving an actual trade would require records showing the entry, exit, and result. His use of “eventual” frames $5.40 as a long-term objective. From $1.54, XRP would need to gain approximately 251% to reach that level. Peter Brandt’s monthly XRP chart shows the long-term technical structure he says implies an eventual advance to $5.40. Source: Peter Brandt. XRP Price Holds Near $1.54 After Touching $1.57 Bitcoin.com Markets data placed XRP at $1.54, up 8.7%, or $0.12, over 24 hours. The token traded between $1.41 and $1.57 during that period. The one-day chart…