XRP, the native token of the XRP Ledger, climbed above $1.50 on Sept. 22 as the broader cryptocurrency market extended its recovery. CoinGecko data showed the asset trading near $1.55, up about 5.1% over 24 hours and 8.5% over the past seven days.

The move extended a sharp rebound from the 2026 low near $0.99, with XRP recovering more than 50% in a month from this year's lows of around $1.00. That recovery has put the $1.55–$1.60 region back in focus. It also came as veteran trader Peter Brandt published a long-term XRP chart pointing toward an eventual $5.40 level, while Moscow Exchange separately began trading new perpetual futures tied to its Ripple Index.

Brandt's Chart Points to $5.40

Veteran trader Peter Brandt said his long-term XRP price chart indicates a potential advance to $5.40. Brandt, one of the most widely followed classical chart analysts across commodity and cryptocurrency markets, clarified, however, that presenting a chart or making a market call does not constitute a trade.

According to a chart shared by Peter Brandt on X, XRP is finding strong resistance at $1.50 following a pullback from last year's rally to $3.00–$3.50 — the same peak the token reached during the late-2017 crypto bull run. The asset has since corrected by more than 50% and is currently trading near $1.50.

Two months earlier, the price had slipped all the way to $1.00. It has since recovered roughly 50% amid the broader market rebound and is testing the crucial $1.50 resistance for the first time since August 25.

Roadmap Toward a Potential $10

XRP has recovering after falling roughly 73% from its July 2025 all-time high of $3.66. Analyst Crypto Patel said the cryptocurrency has since reclaimed its major accumulation structure and now sits about 71% above the identified accumulation zone.

In that framework, the $0.80–$1.00 range has served as a major accumulation zone and strong support for XRP, with $1.55 acting as a key higher-time-frame breakout level. Above it, the roadmap identifies $3.50 as the first major expansion target, followed by $5 and a long-term macro target of $10. Levels of this kind matter on higher time frames because sustained closes beyond them are what technical analysts use to separate extended moves from short-lived spikes.

A sustained higher-time-frame close above $1.55 could open the path toward $3.50, $5, and eventually $10, according to the analysis. A major pullback toward the accumulation zone, per the same view, could also provide an opportunity to buy the XRP dip.

Analyst Javon Marks likewise noted that XRP continues to move higher following a smaller breakout, which he believes could set the stage for a larger move ahead. Marks added that a continuation of the rally after the breakout could lead to a measured move toward a target of $15 and above.

XRP Futures Go Live on Moscow Exchange

In another development, Moscow Exchange (MOEX), Russia's largest exchange group, has launched its XRPUSDF perpetual futures contract, expanding its cryptocurrency derivatives offering with an instrument tied to the Moscow Exchange Ripple Index (MOEXXRP). The product tracks the performance of the exchange's Ripple-based index. Perpetual futures, which trade without a fixed expiry date, are a standard format for crypto derivatives on major venues, and index-linked contracts like this one track a broader reference measure rather than a single spot pair. The debut landed on the same day XRP was testing its key $1.55 breakout level, tying the new instrument's launch to a pivotal moment in the token's technical picture.

Trading was scheduled to begin on September 22, 2026, alongside four other new crypto index perpetual futures contracts. MOEX data showed the underlying Ripple Index at 1.5148, representing a 1.30% increase. Per the technical analyses above, a breakout past $1.55 could trigger the next leg of upside, potential targets at $3.50, $5, and $10.

This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and derivatives trading involve risk, and analyst price targets do not guarantee future performance.

This story originally appeared on The Market Periodical.