XRP Will Advance to $5.40? Veteran Trader Peter Brandt Shares Long-Term Forecast, Another Popular Analyst Says Coin Has 'Room to Run'

On Monday, seasoned trader Peter Brandt forecast a potential fourfold jump in XRP’s price as the fifth-largest cryptocurrency regained momentum.XRP’s Long-Term ForecastBrandt shared a long-term monthly chart of XRP on X, which projected an “eventual advance” to $5.40, citing trend channels and moving averages. This represents a potential upside of 257%.Brandt, a technical analyst with nearly 50 years of experience, stressed that presenting a chart is not a trade recommendation or “call.”This is my long-term chart of ripple:native It implies an eventual advance to $5.40A claim of a "call" or simple presentation of a chart is NOT a trade People who claim "trades" need to provide proof or else the claims are BS An X post is NOT proof Buy What Happens in the Short Term?Meanwhile, Ali Martinez, another renowned chartist and cryptocurrency trader, highlighted that XRP whales had been heavily accumulating tokens latelyMartinez added that there may “still be room to run,” citing data from the Unspent Transaction Output Realized Price Distribution chart.The indicator maps out the exact price levels where existing coin supplies last moved or were acquired on-chain.“The URPD shows relatively little resistance ahead until $1.60, where roughly 2.50 billion XRP previously changed hands,” Martinez stated. “That’s the next major level I’m watching for potential profit-taking.”XRP RALLIES AFTER WHALES BUY. WHERE NEXT?Recently, whales accumulated more than $2 billion worth of .Now that demand appears to be showing up in price, with XRP rallying 8.22% in just three days.But on-chain data suggests there may still be room to run.The URPD shows… Read Also: Will XRP Bulls Remain in Charge?XRP has climbed 6.82% over the past week, supported by broad optimism in the cryptocurrency market and developments within its own ecosystem.Ripple said asset managers and commercial projects are preparing to nearing activation. Its structure allows linked transactions to settle or fail together, supporting use cases such as delivery-versus-payment.Moreover, the SEC’s push for cryptocurrency after the CLARITY Act’s failure has reignited bullish sentiment, also driving XRP higher.The Moving Average Convergence Divergence indicator, which compares the 12-period and the 26-period exponential moving averages, flashed a “Buy” signal for XRP,  to TradingView.Conversely, the Bull Bear Power indicator, which measures the strength of buyers and sellers, signaled a “Sell.”Price Action: At the time of writing, XRP traded at $1.51, up 6.40% in the last 24 hours, according to data from Benzinga Pro. Read Also: XRP Price Prediction as Multiple Catalysts Point to Further Gains Photo: Stanslavs on Shutterstock.com