Peter Brandt Sets $2.16 XRP Target From Cup-and-Handle, Favors Monero Charts
Peter Brandt put a $2.16 objective on XRP from a cup-and-handle pattern, warned of overhead supply, and named Monero his favourite chart.
Why it matters
The call rests on a pattern Brandt himself described as unreliable, and the token moved down rather than toward the objective in the days after the post. The Monero preference is a chart-level view from one trader and carries no regulatory or company consequence.
Where the sources disagree
Whether Brandt set a target for all four assets
bullish targets covering XRP, XMR, SOL and ETH
Bitcoin Insider
a $2.16 XRP objective, with a chart preference for XMR
Bitcoin.com News, CoinGape
Bitcoin Insider reports bullish targets for XRP, Monero, Solana and Ethereum, while Bitcoin.com News describes only the $2.16 XRP objective and Bitcoin Insider cites CoinGape and Bitcoin.com News rather than its own reporting.
Figures that do not reconcile
Found by comparing the numbers in the reports automatically. They are differences, not yet confirmed to be about the same thing.
reported value
$2.16
U.Today
$1.51
CoinGape
U.Today reports $2.16, CoinGape reports $1.51 (30% apart).
Key facts
Peter Brandt posted an XRP target of $2.16 derived from a cup-and-handle pattern he identified on the weekly chart.
2.16 USDDisputed figureReported by Crypto News (CryptoNews.net)
Brandt said the cup-and-handle could be the right shoulder of an inverse head-and-shoulders pattern on a larger timeframe.
Reported by Crypto News (CryptoNews.net)
The X post was made on Oct. 5 and showed XRP at about $1.51 on the weekly chart.
1.51 USDDisputed figureReported by Crypto News (CryptoNews.net)
Brandt warned that overhead supply above XRP could obstruct a rally and called that negative for the token.
Reported by Crypto News (CryptoNews.net)
Brandt described Monero's overhead supply as already absorbed and named XMR his favourite by far.
Reported by Bitcoin.com News
XRP fell from $1.52 to a low of $1.31 by Oct. 8, a decline of roughly 14% in under two days, before recovering to around $1.40.
1.31 USDReported by The Crypto Basic
What happened
Peter Brandt posted a weekly XRP chart on X on Oct. 5 showing the token at about $1.51 and said he had identified a cup-and-handle pattern that on a larger timeframe could be the right shoulder of an inverse head-and-shoulders. Using a measured move, he projected the pattern upward to $2.16, which Crypto News put at about 43% above the price on his chart. He set the same target from a daily closing price chart, with U.Today working out a roughly 44% rally from near $1.50. Brandt warned that a ton of overhead supply sits above XRP and called that negative for the token, noting that investors who bought higher may sell into a recovery. Bitcoin.com News reported that he made the XMR comparison explicitly, treating Monero's overhead supply as already absorbed and describing it as having clear sailing ahead, which he summarised by naming XMR his favourite by far. Bitcoin Insider said he covered XRP, Monero, Solana and Ethereum with bullish targets while still preferring Monero, a claim drawn from CoinGape and Bitcoin.com News rather than its own reporting. CoinGape also flagged heavy congestion on Ethereum charts, though not at the level seen on XRP. After the call, XRP moved the other way: The Crypto Basic reported a drop from $1.52 to a low of $1.31 by Oct. 8, roughly 14% in under two days, with a recovery to around $1.40 by Oct. 10, while Bitcoin Insider's piece carried no follow-up on price. Whether the correction has ended is unresolved, and the Crypto Basic noted the 4-hour chart shows a corrective wave that could either form a base or resume lower.
How the story developed
- Update
Brandt posts the $2.16 XRP objective and names Monero his favourite chart
Weekly XRP chart at about $1.51, cup-and-handle possibly the right shoulder of an inverse head-and-shoulders, measured move to $2.16.
- First report
First report by Crypto News (CryptoNews.net)
XRP Price Prediction: Peter Brandt Ranks XRP Below XMR, SOL And Ether Despite $2.16 Target
- Update
U.Today reports the $2.16 target and the daily-chart basis
Describes the measured move taken from a daily closing price chart.
- Independent corroboration
Independently corroborated by CoinGape
Are XRP, XMR, SOL, and ETH Good Buys Right Now? Here’s What Peter Brandt Predicts
- Update
CoinGape reports the call alongside the overhead-supply warning
Also notes congestion on the Ethereum chart, at a lower level than on XRP, and gives XRP 24-hour range of $1.49 to $1.53.
- Official statement
Official statement from Bitcoin.com News
Peter Brandt Favors Monero Over XRP Despite Bullish Price Targets
- Update
Bitcoin.com News reports Brandt's Monero preference in detail
Cites the Oct. 5 post and records the contrast between XMR supply as absorbed and XRP's overhead burden.
- Update
Bitcoin Insider republishes the call, sourcing CoinGape and Bitcoin.com News
States Brandt issued bullish targets for all four assets and prefers Monero.
- Correction
Correction published by The Crypto Basic
Is the XRP Correction Over or Are There Deeper Declines Ahead?
- Update
XRP correction deepens to $1.31 before recovering to about $1.40
A roughly 14% drop in under two days followed by a partial recovery, with the correction's end unresolved.
How coverage built up
Independent sources over time, counted the way the consensus panel counts them: a republication of a wire story does not move the line.
- 6 Oct 2026, 04:09 UTC: Crypto News (CryptoNews.net) — 1 independent source, 1 reports
- 6 Oct 2026, 05:21 UTC: U.Today — 2 independent sources, 2 reports
- 6 Oct 2026, 07:06 UTC: CoinGape — 3 independent sources, 3 reports
- 7 Oct 2026, 15:31 UTC: The Crypto Basic — 4 independent sources, 4 reports
- 8 Oct 2026, 02:30 UTC: Bitcoin.com News, official — 5 independent sources, 5 reports
- 8 Oct 2026, 02:33 UTC: Bitcoin Insider — 6 independent sources, 6 reports
- 10 Oct 2026, 05:27 UTC: Crypto News (CryptoNews.net) — 7 independent sources, 7 reports
Affected entities
Also mentioned: Base, Toncoin, Federal Reserve, Nasdaq, Ripple
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| Bitcoin.com News Company, official | Peter Brandt Favors Monero Over XRP Despite Bullish Price Targets | Independent | |
| Crypto News (CryptoNews.net) Aggregator | XRP Price Prediction: Peter Brandt Ranks XRP Below XMR, SOL And Ether Despite $2.16 Target | Original | |
| CoinGape Crypto media | Are XRP, XMR, SOL, and ETH Good Buys Right Now? Here’s What Peter Brandt Predicts | Independent | |
| U.Today Crypto media | Legendary Trader Peter Brandt Names Bullish XRP Target | Syndicated | |
| The Crypto Basic Crypto media | XRP Bears Eye $1.20 as Ichimoku Cloud Reveals the Levels Bulls Must Defend | Syndicated | |
| The Crypto Basic Crypto media | Is the XRP Correction Over or Are There Deeper Declines Ahead? | Syndicated | |
| Bitcoin Insider Aggregator | Peter Brandt Weighs In on XRP, Monero, Solana and Ethereum, Favors XMR Over XRP | Syndicated | |
| Crypto News (CryptoNews.net) Aggregator | XRP Weekly Chart Blue Lines Point to These Long-Term Price Targets | Syndicated |
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