In a recent post, veteran trader Peter Brandt clarified his stance on XRP, stating that holding the digital asset does not demand a cult-like devotion. Instead, he maintained that the charts by themselves provide ample justification for taking a position.
Brandt drew a line between poor judgment and open-mindedness. While he shared a weekly XRP chart highlighting a potential bullish inverse head and shoulders pattern forming at present price levels, he remains distinct from the vocal members of the asset’s community.
It is not necessary to be a certified cult member to be an interested owner of a crypto $XRP
The charts alone have always been enough reason for us to make a bet
There is a difference between being open minded and having a hole in the dead pic.twitter.com/YAnP0GGBBV— The Factor Report (@PeterLBrandt) September 27, 2026
Details of the Chart
XRP is currently valued at $1.52. Brandt marked the head and shoulders of the developing formation near recent price activity. This structure rests on the upper boundary of a finished symmetrical triangle—the identical boundary that XRP broke through in late 2024 amid a rally exceeding 500%.
A descending triangle active from 2014 to 2017 culminated in the dramatic 2018 breakout. That move was followed by the larger symmetrical triangle, featuring converging boundaries that eventually gave way in late 2024. Following the breakout, XRP experienced consolidation and a pullback, and it is now retesting the lower edge of a horizontal channel.
Brandt’s Price Target
Previously, Brandt established his long-term price target for XRP at $5.40. He emphasized that posting a chart does not constitute a trading recommendation, writing, “People who claim ‘trades’ need to provide proof or else the claims are BS.” The $5.40 objective implies an upside of roughly 262% from current valuations.
Brandt’s technical perspective runs parallel to genuine doubts regarding the fundamentals of XRP. He has previously questioned whether supply clarity issues and transactional utility by themselves warrant the asset’s valuation. Conversely, he views Bitcoin as a more straightforward narrative due to its status as a store of value. Although he regards segments of the XRP army as a cult, he continues to follow the charts.
We are on X, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) June 15, 2025
How the Community Responded
Reactions from the community were significant. One participant pointed out a striking resemblance between the current setup and the previous compression pattern.
Another member interpreted the potential inverse head and shoulders formation differently, raising questions about whether the pattern held bearish implications instead of bullish ones, while asking how traders might navigate it without initiating short positions.
A third individual went a step further by pointing to $2.42 as a possible trade exit target for the inverse head and shoulders, alongside $2.80 as an alternate level backed by weekly liquidity and mid-range Fibonacci levels.
Prominent community figure BankXRP also offered comments, asserting that the future of XRP will speak for itself. Brandt continues to stand out as one of the few analysts prepared to share a bullish technical target for XRP while openly doubting its fundamental investment case, leaving the chart to do the talking.