{"id":79215,"date":"2026-10-08T03:09:11","date_gmt":"2026-10-08T03:09:11","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/peter-brandt-favors-monero-over-xrp-despite-bullish-price-targets\/"},"modified":"2026-10-08T03:09:11","modified_gmt":"2026-10-08T03:09:11","slug":"peter-brandt-favors-monero-over-xrp-despite-bullish-price-targets","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/peter-brandt-favors-monero-over-xrp-despite-bullish-price-targets\/","title":{"rendered":"Peter Brandt Favors Monero Over XRP Despite Bullish Price Targets"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Monero is Peter Brandt\u2019s favorite among the altcoin charts compared.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Brandt sees further XRP right shoulder development as likely, not required.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">His $2.16 daily objective differs from his earlier $5.40 projection.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Monero Gets Brandt\u2019s Strongest Endorsement<\/h2>\n<p>Monero drew veteran trader Peter Brandt\u2019s strongest endorsement among the altcoin charts he compared, while XRP\u2019s potential advance came with significant reservations. The founder of Factor Trading, which trades its own capital and provides market research, outlined his <a href=\"https:\/\/x.com\/PeterLBrandt\/status\/2107277466981019755\" target=\"_blank\" rel=\"noopener noreferrer\">preference for monero alongside XRP\u2019s $2.16 objective<\/a> in an X post on Oct. 5.<\/p>\n<p>XMR, the privacy-focused cryptocurrency, stood out as Brandt considered all of its overhead supply already absorbed. He contrasted that position with XRP\u2019s burden, describing monero as having \u201cclear sailing ahead.\u201d The veteran trader summarized his preference:<\/p>\n<blockquote>\n<p>\u201cOf these, my favorite by far is XMR.\u201d<\/p>\n<\/blockquote>\n<p>XRP presented a less favorable picture: potential sellers above the current market price could impede its advance, Brandt detailed. Investors who purchased higher may sell during a recovery, creating <a href=\"https:\/\/www.fidelity.com\/learning-center\/trading-investing\/technical-analysis\/support-and-resistance\" target=\"_blank\" rel=\"noopener noreferrer\">resistance where supply can restrain further gains<\/a>. He stressed:<\/p>\n<blockquote>\n<p>\u201cNote in XRP there is a TON of overhead supply to work through. This is a negative for XRP.\u201d<\/p>\n<\/blockquote>\n<p>His comparison used the same time period across the displayed charts. He viewed the cup-and-handle in Solana\u2019s SOL more favorably than XRP\u2019s, describing it as being on a different level. Ethereum\u2019s cryptocurrency ETH showed substantial congestion, or trading within a crowded range, without the same overhead supply he identified in XRP. Stellar\u2019s XLM token also faced that obstacle, but to a smaller degree.<\/p>\n<h2>XRP\u2019s Bullish Setup Comes With Reservations<\/h2>\n<p>Brandt nevertheless identified a potentially bullish cup-and-handle pattern in XRP, a rounded recovery followed by a smaller pullback. His explanation builds on a <a href=\"https:\/\/news.bitcoin.com\/market-updates\/peter-brandt-hints-at-bullish-xrp-pattern-with-a-coffee-cup-chart\/\">daily XRP chart featuring a coffee cup<\/a> shared Oct. 5. He suggested that this smaller configuration might be the right shoulder of a larger inverted head-and-shoulders setup.<\/p>\n<p>That potential reversal consists of three troughs, with the middle one deeper than the others. Projecting its height upward produces his $2.16 objective using <a href=\"https:\/\/www.bitcoin.com\/get-started\/trading-and-investing\/technical-analysis\/how-to-read-bitcoin-charts-for-beginners\/\" target=\"_blank\" rel=\"noopener noreferrer\">daily closing prices<\/a> rather than intraday extremes. He described this calculation as a measured move, an objective derived from the size of a chart pattern.<\/p>\n<p>The right shoulder remains poorly formed and abbreviated, making further development likely, though not required in his assessment. His warning extends beyond that unfinished structure: charts can fail to produce the initially anticipated move, and one identified pattern can turn into another as trading unfolds. He affirmed: \u201cTargets or objectives are not sacred.\u201d<\/p>\n<h2>How $2.16 Differs From Brandt\u2019s Earlier $5.40 Projection<\/h2>\n<p>His $2.16 objective follows a separate <a href=\"https:\/\/news.bitcoin.com\/market-updates\/xrp-jumps-8-7-as-peter-brandts-chart-signals-advance-to-5-40\/\">monthly XRP projection pointing toward $5.40<\/a> shared Sept. 21. That earlier figure represented an eventual advance implied by his long-term chart. Brandt did not present $2.16 as a replacement for $5.40 or as a midpoint toward that level.<\/p>\n<p>His approach centers on trading behavior rather than cryptocurrency fundamentals, with bitcoin as his exception. In a Sept. 26 comment, he presented <a href=\"https:\/\/news.bitcoin.com\/market-updates\/peter-brandt-says-xrp-charts-alone-give-him-reason-to-make-a-bet\/\">XRP charts as sufficient grounds for considering a bet<\/a>.<\/p>\n<p>That distinction also shaped his message to XRP supporters, whom he asked not to take his criticism as an offense. He emphasized that his assessment rests on price alone. Even for monero, his preferred alternative, he indicated that he did not know its fundamental narrative and did not need it for his analysis.<\/p>\n<div class=\"not-prose my-3 lg:my-4\">\n<div class=\"overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] hidden md:flex md:flex-row md:gap-3 lg:hidden\"><a aria-hidden=\"true\" tabindex=\"-1\" class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\" href=\"https:\/\/news.bitcoin.com\/new-phase-for-xrp-could-emerge-as-ai-agents-move-toward-real-spending\/\"><\/p>\n<div class=\"absolute left-2 top-2\"><img alt=\"Bitcoin.com News\" loading=\"lazy\" width=\"28\" height=\"28\" decoding=\"async\" data-nimg=\"1\" class=\"size-7\" style=\"color:transparent\" srcset=\"\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=32&amp;q=75 1x, \/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75 2x\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75\"\/><\/div>\n<p><\/a><\/div>\n<div class=\"overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] hidden lg:flex lg:flex-row lg:gap-4\"><a aria-hidden=\"true\" tabindex=\"-1\" class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\" href=\"https:\/\/news.bitcoin.com\/new-phase-for-xrp-could-emerge-as-ai-agents-move-toward-real-spending\/\"><img alt=\"New Phase for XRP Could Emerge as AI Agents Move Toward Real Spending\" loading=\"lazy\" decoding=\"async\" data-nimg=\"fill\" class=\"object-cover\" style=\"position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent\" sizes=\"150px\" srcset=\"\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fxrp-2-150x150.jpg&amp;w=32&amp;q=75 32w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fxrp-2-150x150.jpg&amp;w=48&amp;q=75 48w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fxrp-2-150x150.jpg&amp;w=64&amp;q=75 64w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fxrp-2-150x150.jpg&amp;w=128&amp;q=75 128w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fxrp-2-150x150.jpg&amp;w=256&amp;q=75 256w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fxrp-2-150x150.jpg&amp;w=384&amp;q=75 384w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fxrp-2-150x150.jpg&amp;w=640&amp;q=75 640w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fxrp-2-150x150.jpg&amp;w=828&amp;q=75 828w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fxrp-2-150x150.jpg&amp;w=1080&amp;q=75 1080w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fxrp-2-150x150.jpg&amp;w=1200&amp;q=75 1200w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fxrp-2-150x150.jpg&amp;w=1920&amp;q=75 1920w\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fxrp-2-150x150.jpg&amp;w=1920&amp;q=75\"\/><\/p>\n<div class=\"absolute left-2 top-2\"><img alt=\"Bitcoin.com News\" loading=\"lazy\" width=\"28\" height=\"28\" decoding=\"async\" data-nimg=\"1\" class=\"size-7\" style=\"color:transparent\" srcset=\"\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=32&amp;q=75 1x, \/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75 2x\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75\"\/><\/div>\n<p><\/a><\/p>\n<div class=\"flex min-w-0 flex-1 flex-col justify-center gap-2\">\n<p class=\"m-0 line-clamp-2 text-base leading-[1.3] !text-[#67656E]\">AI agents could open a new phase for XRP by moving from digital purchases toward real-world spending under user-defined limits.\u2026<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/market-updates\/peter-brandt-favors-monero-over-xrp-despite-bullish-price-targets\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Monero is Peter Brandt\u2019s favorite among the altcoin charts compared. Brandt sees further XRP right shoulder development as likely, not required. His $2.16 daily objective differs from his earlier $5.40 projection. Monero Gets Brandt\u2019s Strongest Endorsement Monero drew veteran trader Peter Brandt\u2019s strongest endorsement among the [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":79216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/79215"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=79215"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/79215\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/79216"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=79215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=79215"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=79215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}