Veteran trader Peter Brandt drew attention to XRP on October 5 with a cryptic chart posted on X alongside an image of a coffee cup. The visual appeared to reference a cup-and-handle formation, with $1.6572 marked on the chart as a key level, while Brandt offered no detailed written explanation of the setup.
— The Factor Report (@PeterLBrandt) October 5, 2026
A cup-and-handle is typically watched by technical traders as a potential continuation pattern, but the structure requires confirmation rather than simply resembling the formation. For XRP, the chart places attention on whether price can clear the marked resistance area, while traders following Ripple and XRP assess whether the pattern develops as implied by Brandt’s post.
Brandt did not provide a price target or say that a breakout was guaranteed. The next signal is therefore XRP’s behavior around the highlighted $1.6572 level, since a decisive move above it could strengthen the technical interpretation, while another rejection would leave the proposed formation unconfirmed.
Source: Peter Brandt.
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