Brandt Doubles Down on XRP Criticism as Price Slips Below $1

Peter Brandt, a veteran trader, made public comments on August 16 that he would convert a hypothetical holding of 500,000 XRP to Bitcoin if given the choice. This statement is consistent with his long-standing criticism of XRP.

XRP's price has fallen below $1, trading at $0.9980, down 0.37% over the past 24 hours. The token's market capitalization stands at approximately $62.55 billion, according to CoinGecko data.

Brandt's latest comments revive his earlier criticism of XRP after a brief shift in late 2024 when he noted that XRP had moved above its 2023 high and highlighted what he described as a 'massive coil' as the token rallied. However, this stance did not last.