XRP Price Could Rise 60%, Analyst Says, as Peter Brandt Eyes a Trade

XRP price

XRP price is hovering around $1.49, just below the range one analyst says it needs to reclaim before a much larger move is possible. His chart points toward $2.43. Peter Brandt has also taken an interest in XRP’s longer-term pattern, though he has made no new price call or confirmed a trade. But can XRP hold a breakout when the first test is still so close?

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The $1.55 test comes before a $2.43 XRP price

Source: CoinGecko

Market analyst Celal Kucuker’s chart maps a possible advance toward $2.43 by applying an earlier 56.83% XRP rally to the area around $1.55. He identifies roughly $1.50 to $1.55 as the immediate test, with further levels near $2.18, $2.40, and $2.57. It is a measured move based on a past price pattern, dependent on XRP sustaining its breakout.

The starting point makes a difference. A rise from $1.55 to $2.43 would be about 57%. From the roughly $1.49 market price checked on Monday, the same target would require a gain closer to 63%. XRP had traded as high as $1.54 and as low as $1.47 during the day, leaving it close to the level Kucuker wants to see hold.

Peter Brandt’s chart takes a longer view. It marks two extended periods of narrowing XRP price ranges over more than a decade. Brandt said the charts gave him reason to consider a bet, a notable expression of interest from a trader who has often challenged XRP’s most devoted supporters. He did not say he had bought XRP, and he did not set Kucuker’s $2.43 target.

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XRP Ledger Activity Adds Another Measure

Away from price charts, DeFiLlama’s XRP Ledger dashboard showed about $1,027 in chain revenue over a 24-hour period, alongside $49,494 in app revenue, $4.37 million in decentralized exchange volume and roughly 40,326 active addresses. Chain revenue and app revenue describe different activity, so neither figure captures the whole network.

Source: DeFiLlama

XRP Ledger documentation says transaction fees are destroyed rather than paid to a validator. This fee design makes a one-day revenue chart a poor shortcut for valuing XRP.

XRP is still below $1.55, the level Kucuker’s chart needs it to clear. Brandt may like the longer-term pattern, but for now, traders are watching whether XRP can get back above that price.

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Sahana Kiran

Written by Sahana Kiran

Sahana Kiran has been covering financial markets since 2019, with a focus on cryptocurrencies, fintech, and the geopolitical events shaping them. She previously reported for AmbCrypto and Watcher Guru, and now writes for BlockNow.