Trader Peter Brandt published long-term technical analysis charts for XRP and Ethereum on September 21. His projections suggest a potential rise for XRP to $5.40 and for Ethereum to $8,600. These targets are based on classical charting methods, including trendlines and support levels, rather than fundamental metrics.
At the time of the analysis, XRP was trading near $1.52, while Ethereum was priced around $2,731. Brandt noted that the Ethereum target is contingent on the asset clearing the $5,000 level. He emphasized that these charts represent observations of probability rather than guaranteed price outcomes or specific trade recommendations.
Market data shows significant activity surrounding these assets. Whale wallets accumulated over $2 billion in XRP prior to the recent rally. Additionally, Binance recorded XRP inflows 663% above the quarterly baseline. On September 21, Bitcoin reached an eight-month high of $87,329, contributing to improved sentiment across the cryptocurrency market.
Other analysts have provided varying outlooks. Some suggest Ethereum could reach between $2,900 and $3,000 following a weekly close above $2,550. Meanwhile, analyst Michaël van de Poppe projected that Ethereum could potentially rally to between $15,000 and $20,000 during the current bull cycle.
