Peter Brandt Sets Conditional $2.16 Target for XRP in Weekly Chart Review

Brandt's Weekly Chart Comparison

Veteran trader Peter Brandt published a weekly chart comparison of XRP, Monero (XMR) and Solana (SOL) on Tuesday, and the review ranks the XRP price chart behind both rivals. The exercise is deliberately narrow: he judges each asset purely on classical price patterns and measured moves, drawn from weekly spot trading charts, with fundamentals set aside. In his weekly chart post, Brandt identifies a cup-and-handle formation on XRP's daily closes, a rounded base followed by a shallow pullback that traders typically read as a continuation signal. On a larger timeframe, he adds, that pattern could instead become the right shoulder of a broader inverted head-and-shoulders structure. A measured move projected from the formation, based on daily closes, produces an upside objective near $2.16, roughly 43% above the $1.50 level referenced in the analysis. Brandt qualifies the figure immediately. The right shoulder looks poorly formed and abbreviated, so $2.16 stands as a conditional target rather than a forecast. The heavier obstacle he flags is supply: XRP carries significant overhead supply, layers of prior trading that sit above the market and create resistance, which he calls a clear technical negative. Price has to absorb that congestion before any sustained advance can begin. The framing is method-driven from the first line. He opens by excusing the rant to come, states his belief in measured moves, and warns that targets and objectives are not sacred, since charts often fail to deliver the structure first identified and morph into something else. XRP holders, he adds, should not take the weaker comparison personally.

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His weekly chart post.

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The comparison turns favorable the moment XRP is set aside. Monero draws the strongest read of the three: Brandt writes that XMR has largely absorbed its previous overhead supply, leaving what he calls clear sailing, with progressively higher highs after earlier consolidations. He names Monero his favorite by a wide margin and says he attaches no fundamental narrative to it. Solana earns nearly the same treatment. Its cup-and-handle pattern sits on a larger, more impressive scale than XRP's, a broad rounded base under a well-defined horizontal resistance line, which he reads as a higher-quality continuation once that level resolves. Some congestion remains, but the structure looks cleaner and more decisive. Ethereum draws a mixed note: heavy congestion across its chart, yet no XRP-type overhead supply, while Stellar carries less resistance than XRP. The verdict lands on an asset he has already provoked. In recent days Brandt labeled XRP a fool's coin, and the new ranking doubles down on the price-only stance behind that remark. He reiterates that the fundamentals of XRP, or of any crypto outside Bitcoin, do not concern him, and that he trades price because price is the only thing that matters to him. Measured against the broader altcoin market, the post reads less as a call on one token than as a ranking of chart quality, and the Altcoin names he favors share a single trait: their old supply has already been absorbed. His earlier note on XRP's coffee-cup chart flagged a $1.6572 breakout line, another price-only level in the same series, and it sits far from the bolder Meta AI projection that put XRP above $10.

$2.16 Target Stays Conditional

The thread through all of it is one method. Brandt grades every asset on classical patterns and measured moves, and the same test that earns Monero its clear sailing and Solana its larger base is what leaves XRP with an abbreviated shoulder and unabsorbed supply. The primary record is the post itself: it states that targets and objectives are not sacred and that charts can morph into something other than the structure first identified, which is why the $2.16 figure arrives hedged. Remarks like these circulate as FUD in holder communities, but the document behind them is a chart argument, not a fundamental case. Our XRP technical analysis tracker keeps the live levels; whether the $2.16 objective activates stays, in Brandt's own framing, with the daily closes.