Peter Brandt, a long-standing top market analyst, recently shared a cryptic XRP price analysis amid heightened optimism over the recent rally.
Notably, CoinMarketCap data shows that, except for SUI, XRP has outperformed all other cryptocurrencies in the top 50 by market cap. The red-hot coin has soared by over 11% in the past 24 hours, bringing its year-to-date increase to 29%.
Brandt Shares Bubble-Bursting Analysis
While XRP has broken out in the daily timeframe, recording five consecutive green candles, Brandt’s accompanying chart shows it remains range-bound in the weekly timeframe. For context, after the fourth-largest cryptocurrency by market cap broke out of a multi-year triangle in November 2024, it started forming a price range.
XRP Analysis/Peter BrandtNotably, this started from its January 2025 high of $3.39, with XRP shuffling between the channel’s upper and lower trendlines. For context, it revisited the lower support with its early April 2025 low of $1.61 and moved slightly above the upper resistance trendline with the July peak of $3.66. After a rejection there, it dropped to the support with its flash crash to $0.77 in October 2025.
Meanwhile, despite the recent price resurgence, XRP remains within the price range. This serves as a reality check for XRP permabulls who already predict that XRP will explode from here. The veteran trader’s analysis seeks to clarify that the cryptocurrency faces major resistance ahead, and its reaction from there would determine whether it breaks out to unprecedented prices or retests price lows.
Where Would XRP Break Out?
Brandt’s chart further identified where XRP enthusiasts need to closely monitor to confirm a breakout and a full bullish momentum shift. Per the chart, XRP needs to sustainably trade above the $3.5 resistance to confirm its breakout. From the current market price of $2.35, this represents a 49% increase.
Breaking above its July 2025 high of $3.66 further confirms its bullish intent and paves the path for new all-time highs. This implies that nothing is confirmed for XRP until it breaks above these key resistance levels.
Nonetheless, XRP has shown it can conquer strong resistance areas. Further fueled by incessant demand from institutional investors through the US XRP spot ETFs, momentum is on the asset’s side. If XRP eventually breaks out of the wedge, analysts predict its next leg could target $8 or higher.
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