Peter Brandt Favors Monero Over XRP Despite Bullish Price Targets

Why Does Brandt See Limited Upside for XRP?

Veteran trader Peter Brandt has identified a potential price target of $2.16 for XRP, suggesting upside potential in the cryptocurrency. However, he cautions that significant overhead selling pressure could limit gains and trigger a reversal. Despite this bullish outlook for XRP, Brandt personally favors Monero as a stronger long-term hold. His comments were shared in a market update published on October 7, 2026, reflecting his ongoing analysis of digital asset trends. Brandt, known for his technical approach to trading, emphasized that while XRP may see short-term momentum, structural concerns remain.

Brandt’s preference for Monero stems from its focus on privacy and fungibility, which he views as more resilient characteristics in the evolving crypto landscape. He argues that XRP’s price movement, while potentially reaching $2.16, faces resistance from accumulated sell orders at higher levels. This overhead supply, he warns, could absorb buying pressure and lead to a pullback even if the target is briefly touched. In contrast, Monero’s lower liquidity and strong privacy use case make it less susceptible to such market dynamics, according to Brandt. He did not disclose specific price targets for Monero but affirmed his confidence in its fundamentals over XRP’s.

What Makes Monero a Better Choice in Brandt’s View?

Brandt points to chart patterns showing repeated rejection at key resistance levels, indicating that sellers are poised to act if XRP approaches $2.16. He notes that historical volume clusters just below this level suggest a concentration of short-term holders looking to exit. This creates a barrier that could prevent sustained upward movement. While he acknowledges the possibility of a spike to $2.16, he stresses that any such move would likely be short-lived without stronger buying momentum. His analysis relies on price action and volume distribution rather than fundamental news or partnerships.

Brandt highlights Monero’s technological design as a key advantage, particularly its ability to obscure transaction details, which he believes will grow in importance as regulatory scrutiny increases. Unlike XRP, which is often tied to institutional use cases and subject to legal scrutiny, Monero operates with a focus on individual privacy. He suggests that this distinction could lead to more durable demand, especially in environments where financial anonymity is valued. Brandt did not compare specific adoption metrics but maintained that Monero’s core properties align better with his long-term investment criteria.

What is Peter Brandt’s price target for XRP? Brandt identifies a potential move to $2.16 for XRP based on technical analysis, though he warns of strong overhead selling that could limit upside.

Frequently Asked Questions

Why does Peter Brandt prefer Monero over XRP? He favors Monero due to its privacy features and structural resilience, which he believes offer stronger long-term prospects compared to XRP’s vulnerability to resistance levels and selling pressure.

Does Brandt believe XRP will reach $2.16? He acknowledges the possibility of XRP reaching $2.16 but cautions that any such move may be temporary without sustained buying interest to overcome overhead supply.