Peter Brandt Just Posted Long-Term XRP and ETH Charts — Read His Warning First
Veteran dealer Peter Brandt, broadly referred to as a Market Wizard, revealed two long-term charts on September 21, projecting XRP towards $5.40 and Ethereum towards $8,600.
Both targets rely purely on classical technical evaluation, not fundamentals, on-chain metrics, or short-term catalysts.
What Brandt’s Charts Actually Show
For XRP, Brandt wrote that his long-term chart implies an eventual advance to $5.40. At the time of posting, XRP traded close to $1.52, that means the projection represents a achieve exceeding 250% from present ranges.
His chart highlights a broad consolidation construction, that includes a descending resistance line from prior cycle highs in opposition to an ascending help line from earlier lows.
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Hours earlier, Brandt revealed an analogous chart for Ethereum, stating that it implies an eventual transfer to $8,600 as soon as the $5,000 degree is cleared. With ETH trading round $2,731, that concentrate on represents substantial theoretical upside, contingent on clearing $5,000 as an intermediate step.
Brandt connected a warning in each posts. He harassed that sharing a chart just isn’t the identical as making a commerce, and that merchants claiming precise positions want to offer verifiable proof fairly than counting on social media posts alone.
Why Are XRP and Ethereum Projections Generating So Much Attention?
Real Vision founder Raoul Pal publicly backed that measured stance, praising Brandt’s method of sharing possibilities and observations fairly than making unfounded guarantees.
These targets carry weight partly due to who’s making them. Brandt constructed his status making use of classical charting strategies, trendlines, help and resistance, and multi-year formations, nicely earlier than cryptocurrency existed as an asset class.
Supporting market context reinforces the bullish backdrop. Binance recently recorded XRP inflows 663% above the quarterly baseline, although change reserves rose solely marginally, suggesting repositioning fairly than heavy promoting stress. Separately, whale wallets gathered greater than $2 billion price of XRP within the days earlier than this newest rally.
XRP jumped roughly 5.2% within the final 24 hours, buying and selling above $1.50 as broader market sentiment improved. Bitcoin additionally reached an eight-month high close to $87,329 that very same day, lifting sentiment throughout main cryptocurrencies.
Other analysts have echoed related bullish structures. Some have pointed to Ethereum’s weekly shut above $2,550 as opening the door to $2,900 to $3,000, whereas others have highlighted a damaged multi-year downtrend, suggesting that significantly greater targets stay attainable over time.
“Honestly, I wouldn’t be stunned if we’re going to see $ETH rally to $15,000-20,000 this bull cycle. The earlier bull cycle has been extraordinarily weak for #Altcoins. This time, all of it looks like 2017 once more, that means that the upside goes to be exponentially bigger than earlier cycles,” crypto analyst Michaël van de Poppe said on X.
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Whether XRP finally reaches $5.40 or Ethereum advances to $8,600 stays a long-term technical risk fairly than a assured end result. As Brandt himself put it, a chart represents an statement about chance, not a promise about value.
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