Trader Peter Brandt conducted a technical analysis of XRP, Monero, and Solana, focusing exclusively on weekly chart patterns and measured moves. He excluded fundamental analysis from his review, emphasizing that price structures are subject to change and that initial targets are not guaranteed.
For XRP, Brandt identified a cup-and-handle formation that could potentially evolve into an inverted head-and-shoulders pattern. He set a conditional upside target of $2.16, noting that the asset faces significant overhead supply and resistance that must be cleared before any sustained upward movement.
Brandt expressed a preference for Monero, describing its chart as the most constructive among the group. He noted that XMR has largely absorbed its previous overhead supply, resulting in a clearer path for future price action characterized by progressively higher highs.
Solana also received a favorable assessment due to a large-scale cup-and-handle pattern. Brandt observed that the asset shows a broad rounded base beneath a horizontal resistance line, which he considers a more decisive and higher-quality setup compared to the current structure of XRP.
The analysis also briefly touched upon Ethereum and Stellar. Brandt noted that Ethereum deals with significant congestion, while Stellar faces less resistance. He reiterated that his approach relies solely on price action, advising traders to prioritize technical patterns over market narratives.
