Brandt’s XRP chart points to $1.6572 as key level

Trader Peter Brandt’s October 5 chart drew attention to a possible cup-and-handle pattern in XRP, with a horizontal level at $1.6572 serving as the key point to watch. The chart included a coffee-cup image beneath XRP’s recent price history, but Brandt offered no detailed explanation or price target in that post. The formation remains unconfirmed while the token trades below the marked level. Reports described the chart as showing XRP at about $1.5230, making the distance to $1.6572 roughly 8.8%. A separate account put XRP near $1.52 and identified the same level as resistance. A move above it could strengthen the cup-and-handle interpretation, but the chart itself does not establish that a breakout will occur. Brandt did not say the pattern was guaranteed. The cup-and-handle interpretation is based on the chart’s shape: a recovery followed by a pullback and consolidation near the upper part of the move. The October 5 image appears to suggest that structure, but the supplied reports say the price had not crossed the marked boundary. Whether XRP clears $1.6572 is therefore central to assessing the proposed setup; a failure to move above it would leave the pattern unconfirmed.