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XRP targets $2.16 amid bullish patterns but faces heavy supply; NASDAQ listing may be key catalyst.

Analyst Insights
06 Oct 2026
Dailycoin
View Source
Bullish
XRP targets $2.16 amid bullish patterns but faces heavy supply; NASDAQ listing may be key catalyst.

Veteran trader Peter Brandt identifies bullish patterns in XRP's price, targeting $2.16 resistance based on a Cup 'n' Handle and Head & Shoulders structure. However, he warns of significant overhead supply that could limit gains, contrasting XRP with privacy coins like Monero and Zcash that saw large rallies due to supply absorption. XRP's near-term support lies around $1.50, with a critical test at $1.61 resistance. The upcoming NASDAQ listing of XRP treasury Evernorth on October 8 is seen as a major potential catalyst that could drive the price higher if Wall Street backing translates into strong buying demand.

XRP trades at Rp27.142 on Pluang as of Oct 06, 2026 21:52 WIB, showing a modest 0.78% gain in one day. Its market cap stands at Rp1.704,68T with a balanced order activity of 54% Buy and 46% Sell. Meanwhile, privacy coins like Monero and Zcash show stronger daily gains, with XMR up 2.41% at Rp1.934.530 and ZEC up 3.00% at Rp24.584.778, reflecting differing market dynamics.

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