Peter Brandt maps $5.40 XRP — but calls it a bet, not a trade

XRP traded near $1.48, down about 3% over the past 24 hours, in a choppy range that has reignited debate over its next move, according to a report by Ahmed Barakat for CryptoNews (last updated Sept. 28, 2026).

Brandt: charts alone can justify a bet

Peter Brandt, a veteran chart technician, told followers that XRP ownership does not require what he called ‘certified cult membership’ and argued that an open read of the charts is reason enough to make a bet. In a post shared via his Factor Report account on X on Sept. 27, 2026, Brandt presented a long-term monthly chart built on a decade of resistance and support that, he said, implies an eventual move to $5.40. The article notes Brandt separated this projection from an active trade call.

Levels in play: $1.55 neckline, $1.60 resistance

The report frames XRP’s seven-day range as $1.37–$1.66, with price below a $1.60 resistance zone that has capped multiple attempts this month. It adds that an inverse head-and-shoulders pattern has been flagged with a neckline near $1.55. Per the article’s scenarios: a close above $1.55 could open a path toward $2; continued chop in the $1.47–$1.60 band would mark consolidation; a failure to hold $1.47–$1.50 could expose the lower end of the weekly range. The piece describes recent volume as ‘unremarkable.’

Flows and backdrop

The article links Brandt’s post to on-chain positioning, citing alleged whale accumulation of roughly 470 million XRP (about $724 million) over five days. It also says broader crypto sentiment is absorbing fallout from a Bitget security incident, keeping volatility elevated across majors.

Presale attention drifts to small caps

Noting that a multi-year move to $5.40 would be a long horizon for many traders, the article says attention has drifted to presale-stage tokens. It highlights Maxi Doge (MAXI), described as an Ethereum-based meme token with a presale that raised $4.8 million at a quoted price of $0.0002841, dynamic staking, holder-only trading competitions, and a treasury earmarked for liquidity and partnerships. These details are presented as reported by the source; readers should conduct independent research.