The recent activity in the Bitcoin and altcoin markets has attracted attention, with the BTC price surpassing $87,000 for the first time in months, and Ethereum exceeding $2,800. Following this market surge, experienced trader Peter Brandt shared his long-term chart analysis of Ethereum, Solana, and XRP.
XRP Expected to Reach $5.4!
Peter Brandt shared his expectations for XRP in a chart and analysis posted from his X account.
Brandt’s monthly chart suggests that XRP could potentially reach $5.40. However, Brandt clarifies that this level is not a definitive price target, but rather a possible target indicated by the chart pattern.
“This is my long-term chart for Ripple. It implies an upward move towards $5.40.”
Brandt emphasized that chart analysis does not imply an actual trade, but XRP reaching this level represents a significant increase.
Ethereum Prediction: $8,600!
Peter Brandt shared his long-term analysis for Ethereum (ETH), similar to his analysis for XRP. The expert analyst stated that if Ethereum surpasses the $5,000 level, it could move towards $8,600 in the long term.
Brandt also emphasized that the ETH chart should not be considered a call to action, stating that sharing a chart or price prediction alone does not indicate that an actual position has been taken; it is merely an estimate.
Brandt also doesn’t specify exactly when his predictions for XRP and ETH will come true, only stating that it’s a long-term perspective.
Solana May Be on the Verge of a Major Rise!
Peter Brandt recently pointed out that a cup-and-handle pattern, approximately five years in advance, has formed on Solana’s (SOL) weekly chart. Brandt described the chart, shared from his X account, as a very important long-term outlook for SOL.
According to Brandt, this formation encounters significant resistance around $240, and a sustained breakout above the $240 region is needed for confirmation. A sustained breakout above $240 is crucial for the formation’s completion. If this formation is finalized, the rise of SOL from $116 to $240 represents an increase of approximately 107%. Therefore, this level stands out as a significant threshold for investors.
*This is not investment advice.
Continue Reading: 50-Year Analyst Peter Brandt Reveals Price Predictions for Ethereum (ETH), Solana (SOL), and XRP! Bear or Bull?