Veteran trader Peter Brandt has stated that he has little interest in owning the Ripple-linked $XRP cryptocurrency. Moreover, he has made it clear that he would immediately convert a large $XRP position into Bitcoin.
This comes after the trading vet was challenged over his views on $XRP on the X social media network. “Are you kidding me? Who the heck even cares about $XRP?” he wrote.
“I do all my betting in futures,” Brandt continued. “Who knows if you would even be good for the bet if you lost. And I could care less about owning a half million $XRP. I would convert it immediately to BTC.”
$XRP plunges below $1
In the meantime, the Ripple-linked token is currently struggling to hold the psychologically important $1 level.
The popular cryptocurrency was recently trading around $0.9992, according to the price data provided.
$XRP remains about 72.6% below its $3.65 all-time high reached on July 17, 2025, CoinGecko data shows.
As reported by U.Today, the token recently slipped below $1 for the first time since November 2024. Ironically, it is now worth less than the highly regulated RLUSD stablecoin, which was launched by Ripple in late 2024.
A veteran $XRP naysayer
Brandt has frequently clashed with members of the $XRP community, and he is known as one of the most high-profile critics of the token.
In December 2025, he wrote that “no group of traders has been more easily baited” than $XRP and silver bulls.
He was even more blunt in October 2025, calling $XRP “addicts” the “most immature unprofessional group on X” and saying he believed they “deserve to end up broke.”
Earlier, Brandt described $XRP as “the Edsel” (one of the biggest car failures in automotive history).
In June 2020, he went so far as to call $XRP a “manipulated scam (IMO),” while in July of that year he compared Ripple’s relationship with $XRP to the Federal Reserve’s relationship with the U.S. dollar. He previously argued that Ripple was effectively $XRP’s “bag holder.”
Still, there was a temporary truce between Brandt and the $XRP community. In late 2024, Brandt warmed up to the token, which was highly unusual for him. In November 2024, the legendary trader noted that $XRP had cleared its 2023 high and pointed to a “massive coil.” Back then, the token was in the middle of a huge rally.
His bullishness did not last long. In March 2025, he warned of a possible decline toward $1.07 if $XRP‘s bearish head-and-shoulders pattern played out.
With $XRP again trading around or below $1, Brandt might finally feel vindicated.
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