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XRP Senior trader Peter Brandt: There is no need for a "cult" belief to hold XRP
Senior trader Peter Brandt clearly expressed his position on XRP in his latest post. He said holding XRP did not require a blind belief in the asset like a "cult-like". He believes that chart analysis alone is enough reason to open a position.
He distinguished the line between "open-minded thinking" and "poor judgment." Although he marked the potential "reverse head and shoulder top" pattern in the XRP weekly chart at current price levels as a bullish signal, he was not among the loudest members of the community.
The chart itself is the reason
Brandt points out that to become an interested cryptocurrency holder, one does not have to be a so-called "certified believer." The chart itself is always a good reason for making bets. He emphasized that maintaining an open mind and having serious flaws in judgment are two different things.
Technical Details
The current XRP price is US$1.52. Recent price movements noted by Brandt reveal the "shoulders" and "heads" in the emerging pattern. The structure is located in an area where the upper boundary of a symmetrical triangle has been completed, and XRP broke through this boundary at the end of 2024, with an increase of more than 500%.
回顾历史，2014年至2017年间的下降三角形最终在2018年引发了剧烈突破。随后出现的是更大的对称三角形，其收敛的边界在2024年底被打破。在那次突破之后，XRP经历了盘整和回调，如今正在重新测试水平通道下轨的压力。
布兰特的价格目标
布兰特此前曾将XRP的长期目标价定为5.40美元。他明确表示，分享图表并不代表具体的交易建议。他写道：“声称提供‘交易建议’的人需要提供证据，否则这些说法都是毫无根据的。”从当前价格来看，5.40美元的价格水平意味着约有262%的上涨空间。
布兰特的技术面展望与现实中对XRP基本面的怀疑态度并存。他曾质疑仅凭交易实用性是否足以支撑当前的估值，并对供应量的清晰度表示担忧。他认为比特币的故事更为清晰，因为其作为价值存储的定位更加明确。虽然他现在认为部分XRP支持者群体具有某种“邪教”色彩，但他依然密切关注图表走势。
社区反响热烈
社区对此做出了强烈反应。一名社区成员指出，当前的形态设置与早期的压缩形态非常相似，称这种 resemblance（相似性）令人瞩目。
Another observer took a different view of the potential reverse head-shoulder-top pattern, questioning whether it had bearish rather than bullish weight. He asked traders how to respond without shorting.
Another person was more radical, identifying $2.42 as a potential exit target for the reverse head-and-shoulder pattern, while $2.80 was another alternative level supported by medium-term Fibonacci retracements and weekly liquidity.
A well-known community figure BankXRP also expressed his opinion, saying that XRP's future will be proved by its own performance. Brandt is one of the few analysts willing to publicly set bullish technical targets for XRP while questioning its fundamental case. At this moment, the chart is talking.
