Veteran commodity trader Peter Brandt has outlined a long-term price target of $5.40 for XRP, representing an approximately 260% increase from the current $1.50 level. His analysis is based on monthly XRP/USDT candles and shows that the cryptocurrency broke through a descending resistance line from the 2018 peak before entering a prolonged correction after surging above $3. XRP currently trades around $1.49 below its 18-month moving average near $1.88, meaning the $5.40 target would first require a reversal of the correction and a reclaim of several key technical levels. Coinbase Markets estimated that XRP options were pricing in an expected move of approximately 8.9% through September 27, the highest among major cryptocurrencies, with the implied move about 1.79 times its historical seven-day median.
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