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.
