Veteran market analyst Peter Brandt stated that XRP chart patterns present a compelling buying opportunity independent of community loyalty, pointing to a long-term technical upside projection near $5.40. The commentary arrives as XRP trades around $1.52 amid sustained institutional spot ETF demand and aggressive on-chain whale accumulation.
Technical Charts Signal Upside Potential
Brandt noted on social media platform X that investors do not need blind brand loyalty to recognize constructive setups in XRP. His long-term monthly chart highlights a decade-long resistance-and-support structure pointing to an eventual target near $5.40, though he clarified that sharing an analysis is distinct from taking an active trade position.
Other market analysts shared bullish technical reads on the token. Chartist Ali Charts flagged an inverse head-and-shoulders pattern with a neckline near $1.55, which could push XRP toward $2—representing an increase of roughly 30%. Chartist Dark Defender added that a parabolic move appears imminent. However, analysts emphasize that XRP must clear immediate resistance near $1.60, continuing a technical battle detailed when XRP tests $1.60 resistance.
Institutional ETF Inflows and Whale Accumulation
On-chain data demonstrates that large holders are positioning for upside momentum. Over a five-day period, crypto whales accumulated approximately 470 million XRP tokens valued at roughly $724 million, noticeably increasing their total holdings.
Key Market Takeaways:
- Peter Brandt projects long-term XRP upside potential near $5.40 based on a 10-year technical structure.
- Ali Charts highlights an inverse head-and-shoulders pattern targeting $2 above a $1.55 neckline.
- Whales added 470 million XRP worth $724 million over a five-day window.
- Spot XRP ETFs recorded 11 consecutive weeks of net inflows, bringing total cumulative flows near $1.79 billion.
At the same time, U.S. spot XRP ETFs extended their streak to eleven consecutive weeks of positive net allocations. Recent weekly inflows averaged around $75 million, pushing cumulative fund totals near $1.79 billion. These institutional inflows remained resilient even on days when Bitcoin and Ethereum products posted mixed or negative numbers, expanding on momentum noted as XRP funds reach $1.79B cumulative record.
Why It Matters
Brandt's constructive technical stance marks a notable shift from past disputes with the token's community, underscoring how pure chart analysis can align with shifting market fundamentals. The combination of 11 straight weeks of spot ETF inflows and $724 million in whale buying indicates that institutional and high-net-worth market participants are building strategic exposure. If XRP successfully breaks above $1.60 resistance, this institutional baseline could provide the liquidity required to test higher multi-year price targets despite historical October seasonality headwinds.
