Chart Whisperer Says XRP Shows A ‘Purer’ Market Structure – Details

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 ￰0￱ Reading: Bitcoin Whale Breaks 13-Year Silence, Moves $33 Million To Exchange According to recent reports, XRP fell to $1.55 Friday, Oct. 10 during the sell-off, then bounced back into the mid-$2 range as traders reassessed the ￰1￱ Revises Technical Take Brandt shared a long-term weekly chart covering 2013 to ￰2￱ chart shows years of sideways action that formed large triangle shapes before big ￰3￱ 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 ￰4￱ historical backdrop is being used now as a roadmap by some traders who see patterns repeating.

Brandt’s 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 ￰5￱ a student of classical charting principles and history, has there ever been a purer long-term chart? $XRP ￰6￱ — Peter Brandt (@PeterLBrandt) October 13, 2025 Channel Pattern After The Breakout Data shows a break above the triangle took place during the November 2024 ￰7￱ that move, XRP entered a parallel channel where prices moved back and ￰8￱ crash around Oct. 10 pushed XRP down to test the lower line of that channel, and the rebound has been built off that same ￰9￱ 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 ￰10￱ strength is still thin; the Average Directional Index sits at 21.5, which points to a trend that is forming but not yet strong.

On-Chain Signal Shows Traders Selling At A Loss Based on reports from Xaif Crypto, the Spent Output Profit Ratio (SOPR) for XRP dropped to a level last seen six months ￰11￱ drop indicates many holders sold at a loss during the crash. 📊 #XRP SOPR just dropped to 0.95 lowest in 6 months! Last time SOPR hit 0.92 (Apr 7), XRP bounced +35% from $1.90 → $2.58. Now with a low near $2.38, next potential target: $3.10–$3.35 ￰12￱ — Xaif Crypto🇮🇳|🇺🇸 (@Xaif_Crypto) October 13, 2025 Market watchers say a fall in SOPR can mark capitulation and sometimes precedes a recovery if buyers step ￰13￱ the sell-off, XRP slid nearly 44% from $2.8 to roughly $1.58, according to trading data, but it has since climbed back toward the $2.5 region as sellers have been ￰14￱ Reading: BNB’s Comeback Meal — Trader Says The Token Ate The Dump For Breakfast Key Levels To Watch A weekly close above $3 would be seen as proof of renewed ￰15￱ around $3.6 lines up with a July 2025 peak and could stall ￰16￱ is marked by the breakout zone and a rising trendline that runs from about $0.8 to $1.5.

If those supports break, XRP could move lower toward the $1 area before ￰17￱ image from Pexels, chart from TradingView