Peter Brandt is more optimistic about Monero as Ripple faces selling pressure

Peter Brandt favors Monero, while Ripple faces supply resistance

Among the multiple altcoin charts compared, veteran trader Peter Brandt prefers Monero, believing that the historical selling pressure above it has been absorbed. In contrast, Ripple (XRP) may face selling pressure from early high investors, creating resistance and hindering its rebound towards $2.16.

Although the inverted form being formed in Ripple has a short right shoulder and poor structure, Brandt said that this form can be referred to without further development. The target price of US$2.16 on the daily chart and the forecast of US$5.40 on the previous monthly chart correspond to different technical patterns rather than revisions to a single forecast.

Why Brant prefers Monero

Although Brant pointed out the potential for Ripple to rise to US$2.16, he still believes Monero is a better choice. The senior trader pointed out that Ripple is facing huge upper supply pressure, which may interrupt the market's recovery momentum. In contrast, in his chart assessment, Monero has absorbed similar supply pressures. This preference reflects differences in trading technology forms, rather than a value judgment on the underlying technologies of the two cryptocurrencies.

Brant also compared Solana, Ethereum and Stellar during the same period, highlighting their differences in resistance levels and chart structure. For Ripple, a bullish target is conditional: its developing form may change, and as the market approaches the entry price for early investors, these investors may choose to sell for profit.

Brant listed Monero as the strongest choice in the altcoin charts he reviewed. He believes that Monero's previous overhead supply has been completely absorbed, leaving a clearer technical path. "Among these currencies, my favorite is undoubtedly XMR (Monero code)." This assessment explains why Ripple, with a bullish target, has not become his preferred trading target. A chart can hint at potential benefits while still showing obstacles along the way.

The so-called "supply above" refers to the potential selling behavior of holders who buy at a price higher than the current market price. When prices recover, some holders may withdraw near the original purchase price, limiting further price increases. Brandt sees this as a significant negative factor for Ripple. His comparison focuses on the relative burdens shown in charts for each currency covering the same period.

在布兰特的评估中，索拉纳因其“杯柄形态”（cup and handle formation）而获得更积极的评价，他认为该结构比瑞波币正在形成的相应形态更强。以太坊显示出相当大的震荡整理迹象，反映出交易集中在拥挤的价格区间内。然而，布兰特将这种震荡与他在瑞波币中识别出的上方供应区分开来。恒星币也面临上方供应压力，但他认为其负担较小。正是这些区别塑造了他对门罗币的偏好，但这并不意味着任何资产都有保证的结果。

对布兰特而言，关键在于潜在的市场走势以及可能延迟这一走势的阻力。他对门罗币的乐观看法解决了后者的问题，而对瑞波币的谨慎目标则仅描述了一个可能的目的地，并未解决沿途的供应问题。

布兰特表示，他不需要理解门罗币的基本面叙事就能评估其图表。他的方法优先考虑价格行为，比特币是他对加密货币基本面持普遍漠视态度的例外情况。

每日瑞波币目标与此前月度预测不同

Brandt's $2.16 target is based on a potential "inverse head and shoulders" pattern. He uses daily closing prices to measure the formation of the pattern, rather than intraday highs and lows. This pattern consists of three troughs, the trough in the middle being deeper than the two on both sides. Projecting the height of the form upwards to obtain a measurement target, but the target must be based on the premise that the form develops as expected.

His previous daily chart of Ripple has highlighted a "cup handle shape". He had suggested that this smaller form could become the right shoulder of a larger inverted structure. However, in his assessment, the shoulder remained short and poorly developed. Although further morphological development is more likely, he made it clear that he did not believe that further development was necessary.

Brant warned that chart shapes could evolve into different configurations as trading continues. Therefore, the predicted target location does not guarantee that the market will definitely get there. "Goals or target prices are not sacred and inviolable." He wrote.

Ripple's price target is also different from the $5.40 forecast he shared on September 21. The assessment comes from monthly charts and targets a separate, longer-term structure. He did not describe $2.16 as a replacement for $5.40, nor did he point out that the lower number was the intermediate stop point necessary to reach the higher goal.

In comments on September 26, Brandt said that the Ripple chart alone was enough to consider a transaction. Later, he called on Ripple supporters not to view his technical criticism as a personal offense.