Peter Brandt Ranks XRP Behind Monero and Solana

Veteran trader Peter Brandt set a $2.16 XRP target on October 6 and ranked the token last among the four charts he posted. He called Monero “clear sailing ahead” and said Solana’s cup-and-handle is on “a different level” than XRP’s.

XRP changed hands near $1.49 the same day, two sessions before Evernorth Holdings is due to start Nasdaq trading as XRPN. The screenshot is the $2.16 number. The ranking is the call.

He Called $2.16 a Measured Move, Not a Promise

Brandt, CEO of Factor LLC, posted the note at 01:11 GMT. He has founded Factor Trading in 1980 after entering commodities in 1976, and he still works from classical charting principles rather than coin stories. The XRP weekly he shared sat near $1.51. He said he had found a cup-and-handle that, on a larger time frame, might be the right shoulder of an inverted head-and-shoulders. The height of that pattern, using daily closes, projected to $2.16.

That is about 43% above the $1.51 on his chart. He wrapped the number in the same warning he always uses on targets. “Targets or objectives are not sacred,” he wrote. “Charts often fail to deliver what we first identify and morph into something else.” The right shoulder, he added, is “poorly formed and abbreviated,” which “would suggest further right shoulder development is likely, but NOT necessary.”

He also told XRP holders not to take the next part as an insult. “I could care less about the fundamentals of XRP or any other coin than BTC,” he wrote. “I trade price. Price is all that matters to me.”

Of these, my favorite by far is XMR. I do not know the fundamental narrative. I do not need to know.

Peter Brandt, Factor LLC, on X, October 6, 2026

The post itself is the primary document, charts included.

$XRP
Excuse the rant I am about to unleash
I believe in a concept called "measured moves"
Targets or objectives are not sacred
Charts often fail to deliver what we first identify and morph into something else
I have identified a C&H in XRP
On a larger time frame this C&H might… pic.twitter.com/o695MCEXHB

— The Factor Report (@PeterLBrandt) October 6, 2026

Why Monero Is Brandt’s Favorite by Far

He lined XRP up against Monero, Solana, Ether, and Stellar over the same stretch of chart. Monero won in a walk. “XRP has all that supply overhead, but look at XMR. All the supply has been absorbed. It is clear sailing ahead.” Solana’s cup-and-handle, he said, is on “a different level than XRP.” Ether has “massive congestion without the same type of overhead supply that we find in XRP.” Stellar has overhead supply, “but not in same magnitude as XRP.”

BRANDT’S OCTOBER 6 SCORECARD

Monero was the only coin in that set that was up on the day, gaining 3.79% near $559, just under the $561 line on the weekly he posted. He said he does not know Monero’s story and does not need to. That is the method in one line: price first, narrative never.

Overhead Supply Sits Between XRP and $2.16

The drag he put on XRP is not a mystery pattern. Overhead supply is old buyers. People who purchased higher in the last cycle sell into strength to get out even. XRP’s 52-week range runs from $0.9886 to $3.0013, so a large band of that inventory still sits above $1.49. “Note in XRP there is a TON of overhead supply to work through,” Brandt wrote. “This is a negative for XRP.”

LEVELS ON THE XRP CHART

• Measured move: The inverted head-and-shoulders height projects to $2.16, about 43% above the $1.51 on his weekly chart.
• Cup rim: His October 5 daily sketch marked $1.6572 as the line to clear, 8.8% above the $1.5230 print on that image.
• Spot print: XRP changed hands near $1.49 on October 6, still under both lines.
• Right shoulder: He called it poorly formed and abbreviated, and said more work there is likely though not required.

A day earlier he had put a coffee cup under the daily bars, the visual shorthand for a cup-and-handle, with $1.6572 drawn as the rim. That sketch is the near trigger. The October 6 note is the ranking and the warning. Recaps keep lifting the $2.16 figure and leaving the supply line on the cutting-room floor. The path to that target runs straight through holders who are still waiting up toward $3.

Evernorth Still Heads to Nasdaq on October 8

The token’s news calendar does not match that chart. Evernorth Holdings and Armada Acquisition Corp. II said on October 1 that Armada shareholders approved their business combination on September 30. Closing is expected on October 7, subject to remaining conditions. Class A shares are then expected to trade on Nasdaq under XRPN on October 8. The company says it will be a publicly traded XRP treasury, not a listing of the token itself.

WHAT THE EVERNORTH DEAL PUTS ON THE TAPE

• The treasury: At closing, Evernorth expects to hold approximately 473 million XRP, which would make it the largest publicly traded pure-play XRP treasury company.
• The cash: The combination is expected to raise about $300 million in gross cash proceeds before expenses, including $225 million from private placements, $30 million of convertible notes, and about $48 million of trust proceeds.
• The raise: The companies said the transaction and related private placements have raised over $1 billion, a wider figure than the cash due at close, with investors also contributing XRP in kind.
• The backers: Named investors include Arrington Capital, SBI Group, Ripple, Pantera Capital, Kraken, and GSR, and the firms said 100% of advanced and delayed funders are still in.

Going public will offer investors a regulated, transparent way to own XRP exposure and participate in the growth of the blockchain economy.

Asheesh Birla, founder and CEO of Evernorth, October 1 statement

Armada’s XRPN shares last changed hands at $38.65 on October 6, after a seven-day gain of 199.6%, inside a 27-day range from $10.53 to $39.42. That pop is the equity story. It does not retire the overhead on the token. A public vehicle that holds XRP still marks that bag to a market that has to climb through sellers from the last run. Brandt’s post never mentioned Evernorth. The calendar just put his supply warning on top of the listing week.

Solana Shows a Cleaner Cup Than XRP

Brandt’s Solana weekly sat near $121. On October 6 the token was at $119.52. He did not hang a measured-move number on it. He only said the cup-and-handle was on a different level than XRP’s, without the short right shoulder and without the same supply overhead. That is a cleaner base, not a promise of the old highs.

Solana is still well below prior-cycle peaks, which is partly why the base looks orderly. Fewer trapped buyers sit directly overhead. The comparison is relative. He is not pitching SOL as a finished breakout. He is saying that if the question is which cup is less damaged, Solana’s is the one.

Congestion on Ether Looks Different From XRP’s Wall

Ether, on his read, is jammed. It is not jammed in the same way. “Massive congestion without the same type of overhead supply that we find in XRP,” he wrote. Congestion is two-way chopping inside a range. Overhead supply is a one-way cap from people who want their money back. He ranked that as less hostile than XRP’s wall.

On September 21 he had already posted a long-term Ether chart that implied $8,600 after a break above $5,000, with Ether then near $2,731. On October 6 Ether was at $2,694, still a long way from that $5,000 step. The October note does not repeat the $8,600 line. It only says Ether’s mess is not XRP’s mess.

Stellar was the fifth chart, and he gave it a lesser version of the same knock: overhead supply, smaller than XRP’s. He did not put XLM in the favorite seat. He put it in the also-ran pile with XRP, one notch less heavy.

A September Chart Already Pointed at $5.40

The October ranking did not cancel his longer XRP map. It sat beside it. On September 21 he posted a monthly chart and wrote, “This is my long-term chart of $XRP. It implies an eventual advance to $5.40.” XRP was then near $1.52, which would put $5.40 more than 250% higher. He added, in the same breath, that a claim of a call or a chart is not a trade, and that an X post is not proof of one.

BRANDT’S XRP POSTS SINCE SEPTEMBER

1. September 21, 2026: Posts a long-term monthly chart that implies an eventual advance to $5.40 and says a chart is not a trade.
2. September 27, 2026: Writes that a trader does not need to be a certified cult member to own XRP, and that the charts alone have always been enough reason to make a bet.
3. October 5, 2026: Shares a daily chart with a coffee cup under the bars and a $1.6572 breakout line.
4. October 6, 2026: Publishes the $2.16 measured move, flags a ton of overhead supply, and names Monero his favorite by far.

Those four notes can live in one book. The monthly still points at $5.40. The daily still has to clear $1.6572. The weekly still has to digest supply on the way to $2.16. And on a like-for-like comparison with Monero, Solana, and Ether, XRP is the one he would not pick. Sympathetic XRP holders told him he did not need the apology line. They wanted the ranking. The ranking is that a privacy coin whose story he will not even claim to know has already eaten its overhead, and XRP has not.

XRPN is still due on the tape on October 8 if the merger closes. XRP still has to go through the people who bought higher. Brandt’s favorite, on the charts he actually posted, is Monero.

Disclaimer: This article is news reporting and chart analysis for information only. It is not investment, trading, or tax advice, and it is not a recommendation to buy or sell XRP, XMR, SOL, ETH, XLM, XRPN, or any other security or token. Readers should consult a licensed financial adviser who can review their own holdings and risk limits before acting on any price target or listing date. Figures, vote results, and expected closing dates reflect the company statements, filings, and market prints cited here as of October 6, 2026, and those prints and timetables can change.