Veteran market technician Peter Brandt favors Monero across recent altcoin chart setups, even as he identifies a possible recovery rally for XRP toward $2.16. The founder of Factor Trading detailed on social platform X that while XRP displays a bottoming formation, overhead resistance poses significant obstacles.

Brandt warned market participants that chart objectives remain conditional and can transform into different setups as trading unfolds. His comparative review of several digital asset graphs evaluated Monero alongside XRP, Solana, Ether, and Stellar, judging each asset strictly through market structure rather than project narratives.

According to Bitcoin.com News, Peter Brandt favors Monero because its chart structure has already absorbed previous historical resistance. That dynamic stands in stark contrast to the heavy ceiling of potential selling volume that continues to linger over XRP.

Why Peter Brandt Favors Monero Over Rival Altcoins

In his multi-token evaluation, Brandt declared XMR his clear favorite among the alternative cryptocurrency charts examined. He emphasized that the privacy-oriented token has already absorbed its historical supply burden, leaving what he described as clear sailing ahead.

The technical setup on Monero stands out because its price action has formed consecutive higher peaks. The Currency Analytics reported that this series of higher highs signals healthy demand, providing the token with a far cleaner trajectory than XRP's congested market profile.

The veteran trader made his selection strictly on price behavior rather than external factors. Bitcoin.com News reported that Brandt does not follow XMR's underlying narrative and does not need project fundamentals to conduct his chart work.

Technical analysts often prefer clean price action that is unencumbered by past transactions. Because Monero has resolved its past resistance zones, Peter Brandt favors Monero over assets that are struggling beneath layers of underwater positions.

Technical Mechanics Behind the Conditional $2.16 XRP Target

Brandt noted that XRP continues to form a cup-and-handle structure, which appears alongside a larger inverted head-and-shoulders framework. Projecting that pattern produces a potential measured advance toward $2.16, though he described the formation as weak and conditional.

Coinpedia Fintech News reported that Brandt shared a weekly XRP chart showing the digital currency trading near $1.51. Reaching the projected $2.16 calculation would require an advance from those levels, though the right shoulder of the structural reversal remains incomplete.

Brandt has previously tracked XRP price formations without adopting long-term project loyalty. Yahoo Finance reported that in late September posts, the trader suggested an investor could explore an XRP trade solely through chart evidence without becoming a devoted community participant, having earlier flagged a separate $5.40 long-term figure.

The technician reiterated that chart configurations are fluid and subject to failure before completion. Even with a theoretical move to $2.16 on the table, Peter Brandt favors Monero because it lacks the structural hesitation seen on XRP.

Heavy Overhead Resistance Threatens XRP Upside

The central hurdle facing XRP is a dense ceiling of historical trading volume overhead. Coinpedia Fintech News reported that Brandt warned: "Note in XRP there is a TON of overhead supply to work through."

This overhang stems largely from market participants who purchased tokens during the 2025 price spike between roughly $2.00 and $3.70. Traders holding unrealized losses frequently seek to exit at break-even during price rallies, creating aggressive selling volume that caps sustained upward momentum.

Because of these potential roadblocks, Brandt urged community members not to treat his technical caution as personal hostility. He reaffirmed that price behavior is his sole criteria, asserting: "I could care less about the fundamentals of XRP or any other coin than BTC."

Brandt made it clear that while XRP targets could theoretically play out, overhead supply makes the path difficult. That structural difference is why Peter Brandt favors Monero for market follow-through rather than relying on XRP's burdened chart.

Comparative Formations Across Solana, Ether, and Stellar

Beyond Monero and XRP, Brandt evaluated setups across several alternative tokens. He identified a cup-and-handle pattern in Solana that he judged to be superior to XRP's layout, reflecting a wider foundation and more organized resistance parameters.

The Currency Analytics noted that while Solana still confronts localized resistance, its structure looks substantially more decisive. This left Solana positioned directly behind Monero in Brandt's chart rankings, with XRP lagging due to unresolved overhead supply.

Brandt observed that Ether exhibits crowded congestion across its recent price channel, yet it lacks the punishing supply overhang visible on XRP. Stellar token XLM similarly carries some overhead supply, though Coinpedia Fintech News reported that the scale of its resistance remains smaller than XRP's.

When reviewing the complete slate of altcoin structures side by side, Peter Brandt favors Monero at the top of the group, followed by Solana, with XRP ranking lower due to severe supply barriers.

Conclusion

Peter Brandt's chart inspection establishes that while XRP retains a theoretical path toward $2.16, its technical progression faces major resistance from underwater holders looking to sell into rallies. In contrast, Brandt favors Monero because it has already absorbed comparable supply overhangs and established consecutive higher peaks. With price formations remaining fluid, market participants will monitor whether XRP's right shoulder consolidates further or dissolves under structural selling pressure.

Frequently Asked Questions

What is Peter Brandt's current price target for XRP?

Peter Brandt identified a conditional price target of $2.16 for XRP based on a measured move from a cup-and-handle pattern, which may represent the right shoulder of an inverted head-and-shoulders formation. However, Brandt stressed that this target is conditional and subject to chart evolution.

Why does Peter Brandt favor Monero over XRP?

Brandt favors Monero because the cryptocurrency has already absorbed its historical overhead resistance and trades with clear sailing ahead. Additionally, Monero's price structure exhibits a consistent pattern of higher highs, providing a cleaner technical profile than XRP's crowded chart.

What primary obstacle did Brandt identify on the XRP chart?

Brandt warned that XRP faces a large supply overhang above current levels. Investors who bought tokens between $2.00 and $3.70 during the 2025 rally represent latent selling pressure, as underwater holders often sell into price recoveries to break even.

How did Brandt rank Solana and Ethereum compared to XRP?

Brandt evaluated Solana's cup-and-handle formation as being on a different level and superior to XRP's pattern. While Ethereum displayed substantial trading congestion, Brandt noted it does not suffer from the same severity of overhead selling supply burdening XRP.