Veteran trader Peter Brandt has set a potential price target for XRP at $2.16. He identifies a cup-and-handle technical formation on the XRP chart, which could also represent the right shoulder of an inverse head-and-shoulders pattern on a larger timeframe. With the current price around $1.50, this would imply a rally of approximately 44%. However, Brandt warns of significant resistance from a large number of holders at higher price levels. At the time of writing, XRP is trading around $1.50 with a market cap of about $94.65 billion, up 5.5% over the past month.
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