Veteran trader Peter Brandt has shared a detailed take on the XRP price today, and his view is mixed.
He sees a potential cup-and-handle structure on the chart that could support a move toward roughly $2.16. But at the same time, he thinks XRP has a major technical problem: a large amount of overhead supply.
Brandt also compared XRP with several other crypto charts and made it clear that Monero is his favorite setup by far.
What you'll learn 👉
Brandt Sees a Measured Move Toward $2.16
Brandt’s XRP chart shows a possible cup-and-handle structure developing on the weekly timeframe.
His measured move comes from the height of the inverted head-and-shoulders structure, projected upward from the breakout area.
That gives him a target near $2.16.
But Brandt also warns that chart patterns are not fixed. A setup can start as one pattern and later develop into something else.
That is exactly what he thinks may be happening here.
The right shoulder on XRP’s structure looks incomplete and somewhat abbreviated, so he thinks the market may still spend more time building that part of the pattern.
$XRP Excuse the rant I am about to unleash I believe in a concept called "measured moves" Targets or objectives are not sacred Charts often fail to deliver what we first identify and morph into something else I have identified a C&H in XRP On a larger time frame this C&H might be the right shoulder of a H&S The measured move would be to 2.16 with is the height of the inverted H&S (closing price, daily) projected upwards Chart change One pattern is identified only to turn into something else The right shoulder is poorly formed and abbreviated – this would suggest further right shoulder development is likely, but NOT necessary Note in XRP there is a TON of overhead supply to work through This is a negative for XRP Please note that I could care less about the fundamentals of XRP or any other coin than BTC XRP fans, please don’t take this as an offense I trade price. Price is all that matters to me Look at the charts of some other coins — using the same time period. $XRP has all that supply overhead, but look at $XMR — all the supply has been absorbed. It is clear sailing ahead. Or $SOL. Now this is a Cup and Handle on a different level than XRP. Or ETH — massive congestion without the same type of overhead supply that we find in XRP. Or XLM – overhead supply, but not in same magnitude as XRP Of these, my favorite by far is XMR. I do not know the fundamental narrative. I do not need to know. I write about these things as my contribution to the @BitcoinLive1 collaborative service. Trial memberships are presently available for $97. That less than what you will lose on your next losing trade. You have everything to gain by giving BitcoinLive a trial here https://t.co/7xkEgygNFY This sale end very soon
— The Factor Report (@PeterLBrandt) October 6, 2026
That would mean XRP may not move directly toward $2.16 from current levels.
The Bigger XRP Problem Is Overhead Supply
This is the part of Brandt’s analysis that stands out most.
The weekly chart shows a large zone of previous trading activity between roughly $1.70 and $3.50.
That creates a lot of potential supply above the current price.
In practice, many traders who bought XRP at higher levels may be waiting for price to return so they can exit near breakeven.
That can make rallies harder.
Brandt sees this as a clear negative for XRP because price has to work through multiple layers of old supply before the chart becomes cleaner.
The upper horizontal area around $3.50-$3.70 is especially important because it lines up with the previous major peak region.
So even if the XRP price reaches $2.16, there is still a lot of technical work left above that level.
Read also: Claude AI Predicts XRP and Solana Prices By the End of November
XRP’s Weekly Structure Is Better, But Not Clean
The chart does show improvement.
XRP has already broken out from the huge multi-year triangle that contained price for years, and it is now trading near $1.50 after recovering from a recent low close to $1.
That part is constructive.
But the structure above price is still messy.
There is resistance near $1.60-$1.70, then another broader supply region extending toward the prior highs.
That means XRP can still move higher, but it may not have the same open-air setup as some other assets.
Why Brandt Prefers Monero
Brandt’s Monero chart looks much cleaner.
XMR is trading near $560, right around a major long-term resistance area.
The difference is that most of the historical supply above current price has already been absorbed.
That is the key point.
On the XMR chart, price has spent years working through old resistance and has now returned to the upper boundary with much less congestion above it.
Brandt describes that as “clear sailing ahead.”
If XMR breaks cleanly above the current long-term resistance zone, the chart does not show the same kind of heavy overhead structure that the XRP price still has.
The Difference Between XRP and XMR
The contrast is simple.
XRP:
- possible cup-and-handle
- measured move near $2.16
- large amount of historical supply overhead
- multiple resistance zones still ahead
XMR:
- long-term resistance being tested
- previous supply largely absorbed
- cleaner structure above current price
- less technical congestion
That is why Brandt favors Monero.
He is not saying XRP cannot rally. His chart actually leaves room for a move toward $2.16.
His point is that XRP has more resistance to fight through.
What This Means for XRP
Brandt’s view is not outright bearish.
The potential $2.16 measured move is still valid if the structure continues developing.
The concern is that XRP may need more time and more buying pressure to absorb the supply sitting above current levels.
That makes $1.70 the first important area to watch.
If XRP can reclaim that zone and hold above it, the path toward $2.16 becomes much cleaner.
If it keeps getting rejected below $1.70, the cup-and-handle setup may need more time to develop.
Brandt’s core message is simple: XRP has upside potential, but Monero currently has the cleaner chart.
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