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Veteran trader Peter Brandt identified USD 5.40 as a potential long-term XRP price level in a monthly chart shared on September 21. He said the technical structure implies an eventual advance, but he did not give a target date. The chart shows XRP near USD 1.49, below its 18-month moving average, after a sharp 2025 advance and a 2026 correction.
The latest setup therefore combines a long-term upside projection with a current price position that still sits below a key moving average.
Brandt’s XRP/USD chart covers nearly ten years of price action and tracks several major market cycles. It shows a long-term rising support line and a descending resistance line drawn from past cycle extremes.
The first major expansion appears in 2017 and early 2018. XRP broke away from its 2015–2016 base and climbed sharply into the large 2018 peak shown on the chart.
That 2018 high marks the start of the descending resistance line. XRP then entered a long contraction through 2020 as monthly candles moved lower and established a major low area.
The next major advance came in 2021. XRP reached another cycle peak, but that high remained below the 2018 extreme. Connecting those highs created the chart’s downward-sloping resistance boundary. At the same time, the 2020 low and later lows formed a rising support line. Together, those two boundaries created a broad multi-year compression across the middle of the chart.
XRP later moved out of that long compression and advanced sharply into 2025. Monthly candles nearly reached the USD 3 to USD 3.50 region, marking the highest sustained area on the chart since 2018.
Brandt also drew a horizontal line around the 2025 highs. Price repeatedly stalled near that zone instead of extending directly upward. The market then began correcting into 2026.
The right side of the chart shows a pullback inside a smaller downward-sloping channel or wedge. This structure follows the strong 2024–2025 advance and now frames the current monthly consolidation.
In September 2026, XRP traded near USD 1.4901. The orange 18-month moving average stood around USD 1.877, placing the token about 20.6% below that longer-term trend measure.
A faster moving average also appears in gray. XRP sits closer to that shorter measure, while the 18-month average remains above price.
Brandt said the long-term formation implies an eventual move toward USD 5.40. The chart itself does not print USD 5.40 as a horizontal line, and the projection carries no stated completion date.
The distinction matters because Brandt described a technical objective rather than an executed trade. His post separates publishing a market projection from documenting an actual position in XRP. Using the USD 1.49 price shown on the chart, XRP would need to rise about 262% to reach USD 5.40. This would approximately equal 3.6 times the displayed price.
Using the reported market price near USD 1.54, the required gain falls to about 251%. In multiple terms, USD 5.40 stands at 3.5 times that reference price.
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XRP was reported near USD 1.54 after gaining about 8.7% over 24 hours as Brandt’s chart drew attention. Even after that rise, the token remained far below the projected level.
The monthly setup therefore centers on two separate facts. XRP sits below its 18-month moving average and remains inside a declining structure from its 2025 highs. Meanwhile, Brandt’s USD 5.40 figure comes from the broader multi-year formation. His use of ‘eventual’ leaves the timing open and does not specify when XRP could reach that level.
Traders following the projection can track whether the current declining structure changes as the monthly setup develops.
