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Trader Peter Brandt dismisses XRP, prefers converting large XRP holdings to Bitcoin amid XRP price drop below $1.

Market News
16 Aug 2026
UToday
View Source
Bearish
Trader Peter Brandt dismisses XRP, prefers converting large XRP holdings to Bitcoin amid XRP price drop below $1.

Veteran trader Peter Brandt has publicly dismissed the cryptocurrency XRP, stating he would immediately convert even a large position of 500,000 XRP into Bitcoin. Brandt's comments come as XRP struggles to maintain the $1 price level, recently trading just below it and down about 72.6% from its all-time high in July 2025. Known as a vocal critic of XRP, Brandt has repeatedly expressed skepticism about the token and its community. His latest remarks reinforce his bearish stance amid XRP's ongoing price challenges, signaling a preference for Bitcoin over XRP for investment or trading purposes.

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