TLDR
- Peter Brandt has shifted his outlook on XRP, now adopting a bullish stance after previously considering a short position.
- Brandt’s analysis highlights XRP’s long-term price pattern, revealing consistent triangle formations and potential breakout.
- XRP’s price recently dipped to $1.57 but is now showing signs of recovery and could be entering a new bullish phase.
- The Average Directional Index (ADX) for XRP remains low, suggesting the coin may consolidate before gaining momentum.
- XRP holders need to see the coin reclaim its weekly moving average and higher momentum for a sustained upward trend.
Veteran trader Peter Brandt has changed his stance on XRP, shifting from a brief bearish outlook to a bullish one. Just days ago, Brandt suggested a short-term bearish trend, but now, he is optimistic about XRP’s long-term potential. This shift comes as XRP looks to recover from a recent market-wide slump that saw its price drop to $1.57 on October 10.
XRP’s Long-Term Chart and Breakout Potential
Peter Brandt recently shared a weekly chart that spans over a decade, showing XRP’s price movements. The chart highlights a pattern of large triangle formations with periods of sideways action followed by strong rallies. According to Brandt, this pattern suggests that XRP could be entering another primary breakout phase.
As a student of classical charting principles and history, has there ever been a purer long-term chart? $XRP pic.twitter.com/rbA2Mp955A
— Peter Brandt (@PeterLBrandt) October 13, 2025
Brandt pointed out that XRP typically undergoes long periods of consolidation before making significant price movements. For example, between 2014 and 2017, XRP traded within a symmetrical triangle before breaking out in 2017. This resulted in a price surge that peaked at $3.31 in January 2018.
The chart also reveals another significant triangle that formed after the $3.31 peak. This period lasted six years, culminating in a breakout during the November 2024 rally. Brandt notes that this breakout signified renewed strength for XRP and a potential shift to a larger bullish cycle.
As of now, XRP is trading around $2.64, just below its 1-week simple moving average of $2.83. The recent market correction has seen XRP slip further to $2.55, remaining below the key resistance zone of $ 3.60. This resistance level aligns with the peak seen in July 2025.
Brandt also analyzed the current momentum of XRP, noting that the Average Directional Index (ADX) is at 21.5. This suggests that XRP is in a developing trend but has not yet demonstrated strong momentum. The lack of momentum suggests XRP could move sideways for some time before gathering strength for another upward move.
Despite this, the bullish outlook remains intact as long as XRP holds above its breakout zone. The rising trendline from $0.8 to $1.5 is key for sustaining the positive trend. A weekly close above $3 would confirm the bullish setup and set the stage for a potential rally.
Brandt Predicts Bullish Momentum for XRP Holders
Brandt’s recent bullish outlook is a stark contrast to his previous assessment of XRP as a potential short candidate. Just days ago, Brandt considered shorting XRP but later decided to take profits on his short trade. With the market crash behind it, Brandt now believes XRP is in a better position to continue its upward movement.
For XRP holders, the chart shows a clear path ahead, but certain conditions must be met. XRP needs to reclaim and stay above its weekly moving average to confirm a stronger trend. Additionally, the ADX needs to rise, signaling the start of a stronger momentum phase.
If these conditions align, XRP holders could see a repeat of the explosive 2017 rally. As Brandt puts it, “There is no purer long-term chart than this.” For now, XRP remains a coin to watch, with the potential for significant gains in the months ahead.
