- XRP plunges under $1
- A veteran XRP naysayer
Veteran dealer Peter Brandt has said that he has little curiosity in proudly owning the Ripple-linked XRP cryptocurrency. Furthermore, he has made it clear that he would instantly convert a big XRP place into Bitcoin.
This comes after the buying and selling vet was challenged over his views on XRP on the X social media community. “Are you kidding me? Who the heck even cares about XRP?” he wrote.
“I do all my betting in futures,” Brandt continued. “Who is aware of should you would even be good for the guess should you misplaced. And I may care much less about proudly owning a half million XRP. I’d convert it instantly to BTC.”
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XRP plunges under $1
Within the meantime, the Ripple-linked token is presently struggling to carry the psychologically vital $1 degree.
The favored cryptocurrency was not too long ago buying and selling round $0.9992, in line with the value knowledge offered.
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XRP stays about 72.6% under its $3.65 all-time excessive reached on July 17, 2025, CoinGecko knowledge reveals.
As reported by U.At this time, the token not too long ago slipped under $1 for the primary time since November 2024. Mockingly, it’s now value lower than the extremely regulated RLUSD stablecoin, which was launched by Ripple in late 2024.
A veteran XRP naysayer
Brandt has incessantly clashed with members of the XRP group, and he is called one of the crucial high-profile critics of the token.
In December 2025, he wrote that “no group of merchants has been extra simply baited” than XRP and silver bulls.
He was much more blunt in October 2025, calling XRP “addicts” the “most immature unprofessional group on X” and saying he believed they “deserve to finish up broke.”
Earlier, Brandt described XRP as “the Edsel” (one of many largest automobile failures in automotive historical past).
In June 2020, he went as far as to name XRP a “manipulated rip-off (IMO),” whereas in July of that yr he in contrast Ripple’s relationship with XRP to the Federal Reserve’s relationship with the U.S. greenback. He beforehand argued that Ripple was successfully XRP’s “bag holder.”
Nonetheless, there was a short lived truce between Brandt and the XRP group. In late 2024, Brandt warmed as much as the token, which was extremely uncommon for him. In November 2024, the legendary dealer famous that XRP had cleared its 2023 excessive and pointed to a “large coil.” Again then, the token was in the course of an enormous rally.
His bullishness didn’t final lengthy. In March 2025, he warned of a potential decline towards $1.07 if XRP’s bearish head-and-shoulders sample performed out.
With XRP once more buying and selling round or under $1, Brandt may lastly really feel vindicated.