XRP Surges as Peter Brandt Predicts Long-Term Price Increase
- Veteran trader Peter Brandt shared a chart suggesting XRP could eventually reach $5.40.
- XRP’s price climbed to $1.54, marking an increase of 8.7% over the past day.
- The token traded between $1.41 and $1.57 during this period, with a session range of approximately 11%.
- Ripple’s partnership with South African lender Absa launched a digital asset custody service on September 21.
- Ripple stated that the Senate’s rejection of the CLARITY Act vote did not affect XRP’s legal standing or market demand.
Peter Brandt’s long-term chart analysis suggests significant potential growth for XRP, projecting an eventual price target of $5.40 based on technical analysis principles.
Despite current fluctuations, XRP shows promise in institutional markets, supported by Ripple’s strategic developments and partnerships like that with Absa Digital Asset Custody.( Source)
