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Peter Brandt: XRP Bulls are The Most Uneducated and Biased
$XRP Veteran trader Peter Brandt has once again drawn attention within the digital asset space after publicly criticizing investors who support XRP. Brandt, who has traded financial markets for more than fifty years, argued that XRP backers display a level of conviction he associates with what he describes as poorly informed โperma bulls.โ His remarks quickly reignited a familiar debate between traditional market technicians and XRP supporters who prioritize broader adoption narratives. Brandt explained that his assessment is rooted in decades of experience across commodities, equities, futures, and cryptocurrencies. According to him, some investor groups remain consistently optimistic regardless of prolonged drawdowns, shifting macroeconomic conditions, or repeated technical breakdowns. He grouped XRP supporters alongside long-term silver investors, suggesting that both communities maintain unwavering confidence even during extended periods of underperformance.
โจResponses From the XRP Community Unsurprisingly, Brandtโs comments were met with immediate pushback. Zach Rector, a prominent XRP-focused analyst, pointed to what he described as evolving sentiment among former critics. Rector highlighted a recent statement from YoungHoon Kim, a well-known Bitcoin maximalist, who announced on December 12 that he had begun accumulating XRP. Kimโs decision drew attention because of his previously firm stance against alternative crypto assets. Other responses emphasized analytical differences rather than confrontation. Market commentator X Finance Bull acknowledged Brandtโs extensive trading background but questioned whether conventional chart-based models fully reflect XRPโs current positioning. He argued that XRPโs valuation may increasingly depend on regulatory clarity, institutional adoption, and its role within cross-border payment infrastructure rather than short-term price formations alone. Similarly, Altcoin Buzz suggested that many XRP holders are less focused on near-term market fluctuations and more concerned with long-range utility. In that view, Brandtโs critique reflects a divergence in investment philosophy rather than an objective judgment on XRPโs long-term viability. โจHistorical Context of the Dispute Brandtโs skepticism toward XRP is not new. Over the years, he has repeatedly questioned the assetโs valuation and has, at times, projected continued weakness against Bitcoin. XRP supporters frequently respond by pointing out instances where such forecasts did not materialize as expected. That said, Brandtโs outlook has not always been negative. Earlier this year, he identified a bullish technical setup on XRP that ultimately resulted in a price advance before broader market pressure led to a reversal. This mixed history underscores that his criticism is largely tied to investor behavior rather than an outright dismissal of XRP as a tradable asset. The exchange highlights an ongoing divide within the crypto market. While traders like Brandt rely heavily on historical price action and classical technical analysis, many XRP investors emphasize legal progress, institutional interest, and evolving financial infrastructure. This contrast continues to shape debate around XRPโs future and reflects broader tensions between traditional trading frameworks and adoption-driven investment theses.
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