Veteran trader Peter Brandt published long-term charts on September 21 projecting XRP toward $5.40 and Ethereum toward $8,600 using classical technical analysis methods. According to reports from Crypto.news, both targets rely purely on technical patterns without incorporating fundamentals, on-chain metrics, or short-term catalysts. For XRP, Brandt's chart shows a broad consolidation structure with a descending resistance line from prior cycle highs against an ascending support line from earlier lows. At the time of posting, XRP traded near $1.52, meaning the projection represents a gain exceeding 250% from current levels.
According to Crypto.news reports, XRP jumped roughly 5.2% in the last 24 hours, trading above $1.50 as broader market sentiment improved. Ethereum was trading around $2,731 at the time of Brandt's projection, with the target representing substantial theoretical upside contingent on clearing $5,000 as an intermediate step. Supporting market context includes Binance recording XRP inflows 663% above the quarterly baseline, though exchange reserves rose only marginally, suggesting repositioning rather than heavy selling pressure.
As reported by Crypto.news, whale wallets accumulated more than $2 billion worth of XRP in the days before the latest rally. Bitcoin also reached an eight-month high near $87,329 that same day, lifting sentiment across major cryptocurrencies. Real Vision founder Raoul Pal publicly backed Brandt's measured approach, praising his method of sharing probabilities and observations rather than making unfounded promises. Other analysts have echoed related bullish structures, with some pointing to Ethereum's weekly close above $2,550 as opening the door to $2,900 to $3,000 targets.
According to Crypto.news reports, Brandt attached a warning in both posts, stressing that sharing a chart is not the same as making a trade and that traders claiming actual positions need to provide verifiable proof rather than relying on social media posts alone. Crypto analyst Michaël van de Poppe expressed optimism about potential Ethereum targets, stating on X that he wouldn't be surprised if ETH rallies to $15,000-20,000 this bull cycle, noting that the upside could be exponentially larger than previous cycles. Brandt emphasized that a chart represents an observation about probability, not a promise about price.
