News View Non-AMP

Is XRP About to Become Completely Worthless? Top Analyst Raises Alarm

Published by
Elena R

Veteran trader Peter Brandt, with 50 years of trading experience, has recently taken to X, breaking the bubble of optimism surrounding XRP’s price, particularly over its performance against Bitcoin.

What did he have to say, and most importantly, why? Here’s all to know.

Brandt’s Stark Prediction

Brandt doesn’t mince words: he suggests that XRP’s price could be headed for zero, indicating a concerning downward trend. Sharing a chart that pits XRP against Bitcoin, Brandt highlights a worrying figure: 0.0000084 BTC, its lowest point in recent times.

Digging deeper, Brandt points out XRP’s consistent underperformance. Out of the past 126 months, it has managed to surpass its current levels only six times. This revelation comes amidst a market where Bitcoin and other altcoins loom large.

Clashing Views: XRP’s Defenders Speak Up

While Brandt’s stance raises eyebrows, defenders of XRP aren’t shy about voicing their support. One commenter on Peter’s post highlights XRP’s stellar 2017 performance, contrasting it with Brandt’s historical charts. However, Brandt remains steadfast, underscoring XRP’s significant loss in value since November 2017.

The numbers tell a sobering tale: the XRP/BTC ratio currently sits at 0.00000803, marking an 81.44% drop from its January peak. In contrast, Bitcoin has surged against the USD, while XRP has witnessed a significant decline. Presently, XRP trades at $0.5071.

Brandt Stands Firm

Brandt’s skepticism towards XRP’s growth remains firm, as he emphasizes that his prediction of XRP nearing zero is in comparison to Bitcoin. Renowned for his ability to analyze market patterns, Brandt’s insights carry weight among traders navigating the unpredictable world of cryptocurrency.

As differing opinions clash and ratios plummet, the future of XRP remains uncertain, leaving traders on edge.

Also Check Out : Ripple vs. SEC: XRP Price Hits New Lows Amid Legal Uncertainty

Do you agree with Brandt’s assessment, or is XRP poised for a comeback? Share your thoughts.

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

Recent Posts

Franklin Templeton Eyes Bitcoin ETP Launch in Europe

Global asset manager Franklin Templeton, overseeing $1.5 trillion in assets, is considering launching a Bitcoin…

April 2, 2025

Dogecoin Gearing Up for an Explosion—Can DOGE Bulls Propel Price by 100% in Q2 2025?

With a slight rise in the bullish strength, memecoins rebounded the hardest, as they do…

April 2, 2025

Pi Coin Drops 74%: Community Calls for Transparency and Leadership Changes

​Pi Network's native cryptocurrency, PI, has recently experienced a significant decline in value, dropping to…

April 2, 2025

Uber And XION Showcase Web3’s Advantage In User Acquisition

Customer acquisition is getting harder than ever for businesses of every size due to the…

April 2, 2025

Ethereum Price Struggles Amid Macroeconomic Uncertainty: Will ETH Rebound?

Amid the notable macroeconomic uncertainty caused by the tariff trade wars, the Ethereum (ETH) price…

April 2, 2025

$1.67B Stolen in Q1 2025 – Top Crypto Hacks Revealed!

The first quarter of 2025 was a rollercoaster for the crypto world. Governments pushed for…

April 2, 2025