Veteran trader Peter Brandt has identified Monero as his preferred chart among several altcoins he recently compared, highlighting what he sees as a favorable technical setup for XMR. Brandt pointed to the cryptocurrency’s limited overhead supply as a factor behind his view that there could be relatively little resistance above its current trading area.
Brandt described Monero’s chart as offering “clear sailing ahead,” a reference to the lack of significant historical supply that could create selling pressure as the asset moves higher. His assessment is based on chart structure rather than a guarantee that XMR will continue rising.
The observation puts Monero in a different technical position from XRP, which Brandt also assessed positively but with a significant warning. According to the trader, XRP retains a bullish chart setup, but heavy overhead supply could make an advance more difficult if the token attempts to recover.
XRP’s chart currently offers a potential target around $2.16 based on the pattern identified by Brandt. This level represents a technical projection from the chart and should not be interpreted as a guaranteed future price.
Brandt has previously outlined a much higher $5.40 projection for XRP. However, the trader has emphasized that chart-based targets are never certain, reinforcing the distinction between a technical setup and an assured market outcome.
Monero Gets Brandt’s Strongest Altcoin Preference
The difference between the two charts centers largely on overhead supply. When an asset has significant amounts of historical trading activity at higher prices, holders who previously bought at those levels may potentially sell when the market returns to their entry points, creating resistance.
Monero’s relatively limited overhead supply, in Brandt’s assessment, removes some of that potential resistance. This is why the trader’s “clear sailing ahead” description is important: it refers specifically to the chart’s supply structure rather than claiming that XMR has guaranteed upside.
For XRP, the situation is more complicated. Even with a bullish technical pattern and a potential $2.16 target, the presence of substantial overhead supply could result in sellers appearing as the price approaches previous trading zones.
That does not necessarily invalidate the bullish XRP setup. Instead, it means that the path toward the projected target could encounter greater resistance than the Monero chart, according to Brandt’s interpretation.
The comparison also demonstrates how traders can reach different conclusions about altcoins even when multiple charts appear technically constructive. A bullish pattern can coexist with significant resistance, while an asset with less overhead supply may offer a different risk-reward profile.
XRP’s $2.16 Target Remains a Technical Scenario
For XRP holders, Brandt’s $2.16 level is therefore worth viewing as a chart reference rather than a prediction that the cryptocurrency must reach that price. His separate $5.40 projection further illustrates how technical targets can vary depending on the pattern and timeframe being analyzed.
Monero’s position as Brandt’s favorite among the charts he compared could attract additional attention to XMR’s technical structure. Still, chart analysis does not eliminate broader market risks, including volatility, changing liquidity and shifts in sentiment across the cryptocurrency market.
The comparison comes at a time when traders continue to look beyond Bitcoin for assets showing stronger technical structures. Monero and XRP have different market characteristics, but both remain closely followed by their respective communities.
Ultimately, Brandt’s assessment favors XMR because of its perceived lack of overhead supply, while XRP retains a bullish setup that faces a more significant resistance challenge. Whether either chart follows the projected path will depend on future price action and market conditions.
For the Monero community, the key takeaway is Brandt’s view that XMR currently has comparatively little overhead resistance. For XRP holders, the $2.16 target provides a technical level to watch, but the heavy supply identified by Brandt could remain a major obstacle during any attempted recovery.
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