Veteran chartist Peter Brandt has shifted his view on XRP, moving from a short-lived bearish stance to a more positive outlook as the token tries to recover from a sharp market drop.<\/p>\n
According to recent reports, XRP<\/a> fell to $1.55 Friday, Oct. 10 during the sell-off, then bounced back into the mid-$2 range as traders reassessed the situation.<\/p>\n Brandt shared a long-term weekly chart covering 2013 to 2025. The chart shows years of sideways action that formed large triangle shapes before big moves.<\/p>\n Between 2014 and 2017, XRP was held inside a symmetrical triangle and then broke out in March 2017, which preceded a run up to $3.30 by January 2018.<\/p>\n That historical backdrop is being used now as a roadmap by some traders who see patterns repeating. Brandt\u2019s recent update came after he had earlier listed XRP among possible short targets; he later said he closed his short for a profit and has since turned bullish.<\/p>\n As a student of classical charting principles and history, has there ever been a purer long-term chart? $XRP<\/a> pic.twitter.com\/rbA2Mp955A<\/a><\/p>\n \u2014 Peter Brandt (@PeterLBrandt) October 13, 2025<\/a><\/p>\n\n Data shows a break above the triangle took place during the November 2024 rally. After that move, XRP entered a parallel channel where prices moved back and forth.<\/p>\n The crash around Oct. 10 pushed XRP down to test the lower line of that channel, and the rebound has been built off that same support.<\/p>\n At one point Brandt had XRP trading near $2.64, under its one-week simple moving average of $2.83, and it has been reported to have corrected further to about $2.55 at press time.<\/p>\n Market strength is still thin; the Average Directional Index sits at 21.5, which points to a trend that is forming but not yet strong.<\/p>\n On-Chain Signal Shows Traders Selling At A Loss<\/p>\n Based on reports from Xaif Crypto, the Spent Output Profit Ratio (SOPR)<\/a> for XRP dropped to a level last seen six months ago. That drop indicates many holders sold at a loss during the crash.<\/p>\n #XRP<\/a> SOPR just dropped to 0.95 lowest in 6 months!<\/p>\n Last time SOPR hit 0.92 (Apr 7), XRP bounced +35% from $1.90 \u2192 $2.58.Brandt Revises Technical Take<\/h2>\n
Channel Pattern After The Breakout<\/h2>\n
\nNow with a low near $2.38, next potential target: $3.10\u2013$3.35 pic.twitter.com\/LVj3lINXpa<\/a><\/p>\n