XRP Price Prediction: Peter Brandt Eyes $2.16
Peter Brandt sees a potential XRP cup-and-handle setup with a $2.16 measured move, but warns of heavy overhead supply near $1.66.
Coinccino 
XRP Eyes $2.16 as Peter Brandt Spots Bullish Pattern — But
Warns of Heavy Selling Pressure
XRP is back in focus after veteran trader Peter Brandt identified a potential bullish chart setup that could produce a measured move toward $2.16 if the pattern confirms.
However, Brandt's latest view is not purely bullish. He also warned that XRP faces a large amount of overhead supply, meaning sellers could emerge as the token moves toward previous entry levels.
What Happened?
Brandt's latest analysis centers on a possible cup-and-handle formation on XRP's daily chart.
He highlighted $1.6572 as the key resistance level. XRP was around $1.52–$1.53 when the chart was shared, meaning the token needs roughly a 9% move to challenge that level.
A sustained break above this resistance would strengthen the bullish interpretation of the pattern.
$2.16 Measured Move Comes Into Focus
On a larger timeframe, Brandt believes the cup-and-handle structure could potentially form the right shoulder of an inverse head-and-shoulders pattern.
Using the height of the pattern, Brandt applies a technical “measured move” that points toward approximately $2.16. Importantly, he has emphasized that technical targets are not guaranteed and that chart formations can change or fail.
XRP Technical Levels
| Level | Significance |
|---|---|
| $1.65–$1.66 | Major breakout resistance |
| $1.57 | Near-term resistance |
| $1.48–$1.50 | Important support |
| $1.45 | Key lower support |
| $2.16 | Measured-move scenario |
The Major Problem: Overhead Supply
Brandt's biggest concern is the amount of overhead supply above XRP's current price.
This refers to holders who bought XRP at higher prices in previous rallies. If XRP returns to those levels, some holders may sell to exit positions at or near their original purchase prices, potentially creating additional resistance.
Brandt also considers the right shoulder of the larger pattern to be relatively weak and incomplete, meaning XRP may need more consolidation before a sustainable breakout develops.
XRP Needs to Clear $1.66
The $1.6572 area is currently the most important technical hurdle.
XRP has already recovered from its September decline, but it has struggled to establish a sustained move above this region. Recent trading has largely remained around the $1.48–$1.52 area.
A decisive move above $1.65 could strengthen the cup-and-handle setup, while rejection could keep XRP range-bound.
Bullish Scenario
If XRP successfully breaks and holds above $1.65–$1.66, traders could look toward:
- $1.70 — first upside area
- $2.00 — psychological resistance
- $2.16 — Brandt's measured-move scenario
The $2.16 level should be treated as a technical projection, not a confirmed price target or guarantee.
Bearish Scenario
The bullish structure could weaken if XRP loses the $1.48–$1.50 region.
A deeper break below approximately $1.45 would further undermine the cup-and-handle interpretation and could push the token back toward lower support zones.
Brandt Still Prefers Other Altcoin Charts
Interestingly, Brandt's positive technical setup does not make XRP his preferred altcoin chart.
He has recently expressed stronger chart-based preferences for Monero, Solana and Ethereum, particularly citing stronger technical structures and less overhead supply in some of those assets.
Brandt's XRP analysis is therefore best understood as a technical trading observation rather than a fundamental endorsement of the token.
Earlier $5.40 XRP Projection
Brandt previously published a separate long-term XRP chart suggesting an eventual move toward $5.40.
That was a different, longer-term chart projection and did not provide a specific timeframe. His latest $2.16 figure comes from the shorter-term measured-move setup and should not be confused with the earlier $5.40 projection.
What Traders Should Watch
The most important XRP signals now are:
- $1.65–$1.66 breakout
- Trading volume during any breakout
- Whether XRP can hold above $1.50
- Resistance around $1.57
- Support near $1.45
- Broader Bitcoin and altcoin market direction
- XRP Ledger developments scheduled for October
The key question is whether XRP can turn $1.65 into support after breaking above it.
FAQ
What is Peter Brandt's XRP target?
His latest technical setup produces a $2.16 measured-move scenario if the identified pattern confirms. It is not a guaranteed target.
What price does XRP need to break?
The key resistance is around $1.6572. A sustained breakout above this level would strengthen the bullish technical setup. Crypto Basic
What is XRP's key support?
The $1.48–$1.50 zone is an important near-term support area, with approximately $1.45 providing another downside reference. s
Is Brandt predicting XRP will reach $2.16?
Not exactly. The level comes from a measured-move calculation based on the chart pattern. Brandt has explicitly cautioned that technical targets can fail or change.
Final Take
Peter Brandt's latest XRP analysis presents a mixed technical picture.
The potential cup-and-handle structure creates a path toward a $2.16 measured move, but XRP first needs to clear the $1.65–$1.66 resistance zone. At the same time, Brandt's warning about heavy overhead supply suggests that a breakout may face significant selling pressure.
For now, $1.66 remains the level to watch. A confirmed breakout could strengthen the bullish setup, while another rejection would leave XRP in consolidation.
