Trader Peter Brandt’s XRP Chart Marks $1.6572 Level

Trader Peter Brandt’s Oct. 5 daily chart of XRP marked $1.6572 as a level to watch, while showing the token at $1.5230 and leaving any breakout unconfirmed.

The marked level sits about 8.8% above the chart’s displayed price. Brandt paired the chart with an image of a coffee cup, which may suggest a cup-and-handle pattern, but he did not call it one or say XRP had broken above the level.

A cup-and-handle is a chart formation featuring a rounded recovery followed by a smaller pullback near the earlier high. Traders who follow the pattern look for a move above that upper boundary as confirmation. The chart image alone does not establish that XRP has made such a move.

The daily chart covers recent price action and is separate from Brandt’s Sept. 21 monthly chart, which indicated an eventual advance to $5.40 without specifying when. That longer-term projection does not confirm the setup in the latest chart. TokenPost previously covered the separate $5.40 projection.