Veteran trader Peter Brandt has pointed to $5.40 as a potential long-term target for XRP in a monthly chart shared on September 21. The projection is based on a technical structure that has formed over nearly a decade, although Brandt did not specify a timeline for the move.
What the Monthly Chart Shows
Brandt’s XRP/USD chart tracks roughly ten years of price action and highlights both a rising support line and a descending resistance line. The resistance line begins at the 2018 cycle peak, while support has been drawn from lows recorded in 2020 and subsequent pullbacks.
Between those two boundaries, XRP spent several years compressing in a broad range. The 2021 rally produced a high below the 2018 peak, keeping the downward-sloping resistance intact. That pattern eventually led to a breakout in 2024–2025, with monthly candles climbing toward the $3.00–$3.50 zone — the highest sustained area since 2018.
Current Price Position
After the sharp advance, XRP entered a correction in 2026. The latest part of the chart shows a pullback unfolding in a smaller descending channel or wedge. In September 2026, XRP was trading near $1.4901, roughly 20.6% below its 18-month moving average of about $1.877. A faster moving average sits closer to price, but the longer-term trend measure remains above the token.
Interpreting the $5.40 Objective
Brandt described $5.40 as an eventual technical objective rather than an active trade. The figure is not drawn as a horizontal line directly on the chart, and the trader did not provide a completion date.
From the chart’s displayed price near $1.49, XRP would need to gain approximately 262% to reach $5.40. Based on the slightly higher market price near $1.54, the required advance would be about 251%, placing the target at roughly 3.5 times the reference price.
XRP was reported near $1.54 after gaining around 8.7% in 24 hours as Brandt’s chart drew attention. Even so, the token remains far below the projected level. The key tension in the setup is that XRP is still under its 18-month moving average and trading inside a declining structure from the 2025 highs, even as the broader multi-year formation supports a much higher long-term target.
Brandt’s use of the word “eventual” leaves the timing open. For traders watching the trend, the main question is whether the current descending structure resolves before the next major monthly advance begins.
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