Peter Brandt hints at cup-and-handle for XRP

4.7 Markets

Oct 5, 2026

Peter Brandt hints at a cup-and-handle pattern for XRP, with $1.6572 as key resistance. Analysts await confirmation and a breakout above this level.

Veteran trader Peter Brandt has sparked interest in XRP by sharing a chart featuring a coffee cup image, hinting at a potential cup-and-handle continuation pattern. The main resistance level to watch is $1.6572. Recently, XRP rebounded from August lows near $1.00, climbing to around $1.52 after an initial surge toward $1.70 and a correction to $1.27 in mid-September. The price then recovered to the $1.60–$1.65 range before consolidating near $1.50, which could represent the "handle" of the pattern. Confirmation of the cup-and-handle pattern is still pending, as a decisive move above $1.6572 is required. While Brandt has not explicitly confirmed the pattern or provided a breakout target, technical analysts are closely monitoring this key level. Meanwhile, other major cryptocurrencies face uncertain outlooks, with fragile support and potential bearish pressure.