Peter Brandt posts long‑term XRP and ETH charts with price targets

Veteran trader Peter Brandt, known as a Market Wizard, shared two long‑term price charts on September 21. The charts present purely technical targets – $5.40 for XRP and $8,600 for Ethereum – without reference to fundamentals, on‑chain data, or short‑term catalysts.

Technical outlook for XRP

Brandt’s XRP chart shows a broad consolidation pattern formed by a descending resistance line from previous cycle highs and an ascending support line from earlier lows. At the time of posting, XRP was trading around $1.52, making the $5.40 target a projected gain of more than 250%.

Technical outlook for Ethereum

The Ethereum chart indicates a potential move to $8,600, contingent on clearing an intermediate $5,000 level. Ethereum was priced near $2,731 when the chart was released, implying a substantial upside if the intermediate barrier is breached.

Trader warning

Brandt attached a disclaimer to both posts, emphasizing that publishing a chart does not constitute a trade recommendation. He noted that anyone claiming to hold positions based on the charts should provide verifiable proof rather than rely on social‑media statements.

Market context

• Binance reported XRP inflows 663% above its quarterly baseline, while exchange reserves rose only marginally.
• Whale wallets accumulated more than $2 billion worth of XRP in the days preceding the rally.
• Bitcoin reached an eight‑month high near $87,329 on the same day, supporting broader market sentiment.

Analyst reactions

Raoul Pal praised Brandt’s probability‑based approach, and other analysts highlighted bullish structures on Ethereum’s weekly chart, noting recent closes above $2,550 as a possible gateway to $2,900‑$3,000.

Both targets remain long‑term possibilities rather than guaranteed outcomes, as Brandt reiterated that a chart reflects observation and probability, not a price promise.