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Trader Peter Brandt favors Monero over XRP due to less selling pressure despite XRP's $2.16 price target.

Analyst Insights
07 Oct 2026
Bitcoin
View Source
Neutral
Trader Peter Brandt favors Monero over XRP due to less selling pressure despite XRP's $2.16 price target.

Veteran trader Peter Brandt prefers Monero (XMR) over XRP among altcoins, citing Monero's chart as having absorbed its supply burden and showing clearer potential for gains. While Brandt acknowledges a bullish setup in XRP with a $2.16 price target based on a cup-and-handle pattern, he warns of significant overhead selling pressure that could limit XRP's advance. Brandt's analysis focuses on price action without considering fundamentals and notes that chart patterns and targets can change as trading evolves. This cautious outlook contrasts with his earlier, more optimistic $5.40 XRP projection, highlighting the complexity of trading decisions.

As of Oct 08, 2026 09:41 WIB, Monero (XMR) is trading at Rp1.934.530 with a positive 1-day change of +2.41%, while XRP (Ripple) is priced much lower at Rp25.487 and has declined by -2.33% over the same period on Pluang. Despite XRP's much larger market cap of Rp1.611,25T compared to Monero's Rp35,12T, Monero shows stronger short-term price momentum and a shorter typical hold time of 32 days versus XRP's 71 days, reflecting differing investor behaviors on the platform.

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