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.
