Veteran analyst Peter Brandt sets the key XRP breakout level

What happened

Market analyst Peter Brandt's latest XRP chart coverage points to a developing cup-and-handle pattern, a bullish formation. The September 23 high of $1.65 is the key level XRP needs to break for the setup to gain confirmation, with XRP trading around $1 in data published October 5.

Confirmed

Global impact / market context

If XRP breaks above $1.65, traders may treat the bullish chart pattern as confirmed and buy, which could push prices higher. If it fails, the pattern weakens and holders could sell, pressuring prices down. This matters because chart levels often guide investor positioning.

Analyst inference

XRP trading near $1 sits well below the $1.65 breakout level, so the setup remains unconfirmed. Traders watching this pattern may wait for a close above that level before committing money. Until then, upside momentum is uncertain and risk of a pullback remains.

Analyst inference

What to watch

1. Watch whether XRP breaks above the September 23 high of $1.65; that specific price is the confirmation level Brandt identified for the cup-and-handle pattern. Confirmed
2. Traders could wait for a daily close above $1.65 before buying, since an intraday move above that level may fade and leave the bullish pattern unconfirmed. Proposed
3. If XRP fails to break $1.65 and falls back toward $1, the bullish setup likely weakens, which could prompt holders to reduce positions and pressure prices lower. Analyst inference

Affected assets

• XRP — XRP

Evidence

• finbold.com