Peter Brandt says XRP charts alone justify a bet

Key points

• Brandt said in a 26 Sept post on X that the charts alone have always been enough reason for him to make a bet.
• He wrote that it is not necessary to be a certified cult member to be an interested owner of XRP.
• The 26 Sept chart spans more than a decade of XRP trading and marks two long narrowing ranges before sharp advances.
• A 21 Sept chart from Brandt indicated a possible move to $5.40, about 251% above the $1.54 price then.
• XRP traded near $1.52, below its $1.66 weekly high but up about 7.9% for the week.

Veteran trader Peter Brandt says XRP's long-term price pattern alone gives him reason to consider a bet on the token, even as he questions the loyalty of some of its supporters. In a 26 Sept post on X, the founder of trading firm Factor Trading wrote that it is not necessary to be a certified cult member to be an interested owner of the cryptocurrency. He added that the charts alone have always been enough reason for him to make a bet.

The chart Brandt shared spans more than a decade of XRP trading. It highlights two long periods when the trading range narrowed before sharp advances, and he also marks a smaller pattern after the recent decline. At the time, XRP stood near $1.52, below its $1.66 weekly high but up about 7.9% for the week, according to the report.

The post followed a 21 Sept long-term XRP chart in which Brandt indicated a possible advance to $5.40. That was a longer-term reading of price history rather than a fresh target, and the 26 Sept post does not repeat the figure or set a timetable. When he shared the earlier projection, XRP traded near $1.54, putting $5.40 roughly 251% above that level.

A chart-based interest

Brandt has also drawn a distinction between a public chart call and a completed trade. He has said that claims about executed trades require evidence beyond an X post, a point that remains relevant to his latest reference to making a bet. Bitcoin.com News reports that his comments describe how he assesses XRP while questioning the conviction of some holders.

This is not the first time Brandt has discussed XRP favourably on chart grounds while distancing himself from allegiance to the token. In November 2024, he highlighted a narrowing price pattern he called a massive coil, in which price moved within an increasingly tight range. At that time he said he held no XRP position that would benefit from a rise and had no plans to buy it, a statement describing his position then rather than now.

The market moved sharply around his September projection. XRP climbed above $1.60 on 22 Sept before retreating in the 26 Sept image. During the rise, the analytics firm Santiment counted 1,917 transfers worth at least $100,000 and 3,647 new wallets, a figure that counts addresses rather than necessarily new investors.

The $5.40 projection

Brandt entered commodity markets in 1976 and founded Factor Trading in 1980, and has used classical price charts throughout his career. Those charts track recurring formations in historical prices. A formation spanning years and a recent pullback can appear in the same image without describing the same time horizon, which helps explain how he can stay interested in a broad pattern while marking a nearer decline.

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