Veteran trader Peter Brandt published a weekly chart analysis comparing XRP, Monero (XMR), and Solana (SOL) on October 6, 2026, concluding that XRP displays a weaker price setup than its peers due to heavy overhead supply and an abbreviated pattern structure. While XRP shows a technical inverted head-and-shoulders pattern with a measured move objective near $2.16, Brandt warned that overhead resistance and poor shoulder formation make the target highly conditional.
XRP Faces Overhead Supply While Monero Leads Setup
In his technical evaluation, Brandt identified a cup-and-handle formation on XRP’s weekly chart that morphs into the right shoulder of a broader inverted head-and-shoulders pattern. Based on daily closes, this structure yields an upside objective near $2.16. However, Brandt emphasized that the right shoulder appears poorly formed and abbreviated, while significant layers of historical trading congestion create dense overhead supply that XRP must absorb before sustaining an upward trend. This technical hurdle comes even as broader market interest builds, such as when XRP bullish signals mount across derivative and whale activity.
In contrast, Brandt designated Monero (XMR) as his clear favorite among the evaluated assets. He noted that XMR has largely absorbed its prior overhead resistance, leaving what he described as "clear sailing" marked by higher highs on the weekly timeframe. Brandt emphasized that his assessment relies strictly on pure price action rather than fundamental narratives.
Solana Outpaces XRP as Ethereum and Stellar Enter Analysis
Solana (SOL) also received a more favorable assessment than XRP, featuring a cup-and-handle pattern on a larger and more impressive scale. SOL’s weekly chart displays a broad rounded base positioned beneath a well-defined horizontal resistance line, presenting a cleaner structure for continuation despite some remaining congestion.
Brandt briefly extended his analysis to other major altcoins, noting that Ethereum (ETH) carries heavy market congestion without XRP’s specific overhead supply, while Stellar (XLM) faces less structural resistance overall. Throughout his evaluation, Brandt stressed that chart patterns continuously evolve and measured moves are conditional objectives rather than guaranteed forecasts.
Key Takeaways
- XRP Target: An inverted head-and-shoulders pattern on daily closes yields a $2.16 objective, but heavy overhead supply and an abbreviated right shoulder constrain the setup.
- Monero Tops Group: Monero (XMR) is Brandt's top pick, having absorbed past overhead supply to establish a path of "clear sailing."
- Solana Scale: Solana (SOL) presents a larger cup-and-handle base beneath defined horizontal resistance.
- ETH & XLM Context: Ethereum (ETH) shows heavy congestion, while Stellar (XLM) encounters less structural resistance.
Why It Matters
Technical pattern comparisons by veteran chartists highlight how historical overhead supply can stall breakout attempts even when bullish structures begin to form. By focusing strictly on price action rather than narrative, Brandt's analysis underscores the key distinction between theoretical price targets and high-probability trade setups in altcoin markets. Investors should monitor whether XRP can absorb its overhead congestion levels before attempting to move toward its $2.16 calculated objective.
