Peter Brandt Slams XRP Bulls as ’Uneducated’ — Sparks Community Backlash
Veteran trader Peter Brandt publicly criticised XRP bulls on X (formerly Twitter), calling them among the "most uneducated and biased" long-term permabulls. Drawing on 50 years of trading experience across commodities, equities, futures and crypto, Brandt argued that some XRP supporters remain overly optimistic despite price drawdowns, technical breakdowns and changing macro conditions. His remarks came as XRP traded near $2 and followed bullish narratives from parts of the community citing potential regulatory wins for Ripple, institutional adoption and large long-term price targets. The comments prompted swift pushback from XRP analysts and influencers: some noted renewed accumulation by former sceptics (including Young Hoon Kim) and emphasised that XRP’s outlook will hinge on regulatory clarity, cross-border payment adoption and institutional flows rather than sentiment-driven chart calls alone. The exchange highlights a persistent split between traditional technical traders and adoption-driven retail bulls. For traders: expect elevated volatility around headline commentary and regulatory developments; focus on risk management, watch on-chain accumulation, institutional flow signals and any Ripple-related legal or bank-approval updates. Disclaimer: not financial advice.
Neutral
The news is primarily about market commentary and community reaction rather than a direct fundamental catalyst (such as a confirmed regulatory ruling or major institutional buy). Brandt’s criticism increases short-term volatility and may amplify selling pressure from technically-driven traders, but countervailing forces—renewed accumulation by some investors, ongoing narratives about regulatory clarity and institutional adoption—limit a clear directional bias. Short-term: likely elevated volatility and potential downside pressure if headlines dominate sentiment-driven selling. Long-term: impact depends on tangible developments (court outcomes, bank approvals, institutional flows); if these turn positive, price could recover. Therefore the net expected price impact on XRP is neutral until confirmed on-chain/institutional/regulatory events materialise.