“It isn’t essential to be a licensed cult member to be an proprietor of a crypto $XRP,” Brandt wrote in a current social media submit.
The veteran chartist primarily pays consideration to the technical setup of a sure token, which applies to $XRP as effectively.
“The charts alone have at all times been sufficient motive for us to make a wager,” Brandt stated.
He then took one other swipe at cryptocurrency patrons who are likely to show a really excessive degree of dedication to a sure token. “There’s a distinction between being open-minded and having a gap within the head,” he stated.
Notably, Brandt accompanied his feedback with a long-term weekly $XRP chart that seems to point out a doubtlessly bullish technical construction.
Multi-year consolidation
Brandt’s chart reveals that $XRP has been in the midst of consolidation that adopted its 2017 rally. Then, there was a subsequent breakout that passed off in late 2024.
It isn’t essential to be a licensed cult member to be an proprietor of a crypto $XRP
The charts alone have at all times been sufficient motive for us to make a wager
There’s a distinction between being open minded and having a gap within the lifeless pic.twitter.com/YAnP0GGBBV— The Issue Report (@PeterLBrandt) September 27, 2026
Extra just lately, Brandt seems to be monitoring a doable inverse head-and-shoulders formation. The chart supplied by Brandt reveals potential shoulders and a decrease head.
The Ripple-affiliated token is now approaching a horizontal neckline across the $1.50-$1.60 space.
An inverse head-and-shoulders sample is considered by technical analysts as a possible bullish reversal formation. For this, nonetheless, the worth wants to interrupt above its so-called “neckline.”
As reported by U.In the present day, Brandt just lately predicted that the $XRP value may surge all the best way to $5.4.
Going through pushback from the neighborhood
Brandt just lately confronted intense criticism from members of the $XRP neighborhood for saying some harsh phrases in regards to the main cryptocurrency.
The veteran dealer just lately described $XRP as a “idiot coin”. He acknowledged that the cryptocurrency might be used effectively for transactions.
“$XRP may be successfully used for transactional functions, cheaply,” Brandt stated.
Nonetheless, he questioned whether or not transaction utility alone essentially interprets into funding worth whereas additionally pointing to $XRP‘s big provide.
Nonetheless, some members of the neighborhood pointed to the truth that $XRP’s use circumstances have expanded considerably past its authentic positioning. Others additionally famous that one can not enhance $XRP‘s provide. “You must persuade a node operator to make use of a unique rule set to realize social consensus. That is basically what makes decentralized techniques so enticing,” XRPL validator Vet stated in a current social media submit.
