XRP jumps 7% above $1.60: why Peter Brandt's $5.40 target still faces a wall

XRP jumped about 7% to trade around $1.61 on Wednesday, pushing the cryptocurrency into a price zone that could determine whether its latest recovery develops into something larger. Veteran trader Peter Brandt has mapped out a long-term path towards $5.40, while recent whale accumulation has strengthened the bullish case. But getting there would require XRP to absorb a substantial block of supply around current levels. Analyst Ali Martinez previously identified $1.60 as a major profit-taking zone, where about 2.5 billion tokens changed hands. The immediate question is therefore not $5.40, but whether buyers can hold the breakout they have reached. Brandt's $5.