Brandt draws XRP roadmap to $5.40 as Bitcoin reclaims $87K neighborhood 🐂

Veteran trader Peter Brandt said on X that XRP could rally to $5.40, sharing a long-term chart that implies the token could climb above the psychological $5 level by next year. Brandt framed the projection as part of a broader bullish setup forming across the crypto market.

The call comes as Bitcoin pushed to an eight-month high of $87,000, lifting major altcoins alongside it. XRP rose above $1.50, gaining more than 8% on the day, according to TradingView data. Brandt's chart imagery was originally posted to X, with the price reference drawn directly from that graphic.

Onchain activity around XRP has accelerated during the move. Data cited from TradingView and onchain trackers shows whale holdings increasing, XRP Ledger transactions surging and derivatives open interest climbing, signaling rising participation as the market rallied.

The token's gains followed the failed cloture vote on the CLARITY Act in the U.S. Senate, where lawmakers did not secure the votes needed to advance the crypto bill. XRP had previously been identified among assets positioned to benefit if the legislation moved forward.

Brandt's $5.40 target stands well above XRP's current trading area, with the implied path contingent on the broader bull market momentum he cited. No timeline beyond "next year" was specified on the posted chart.