Brandt Sees Red on XRP: Trader Would Convert Massive Stake to Bitcoin

Renowned trader Peter Brandt recently expressed his skepticism towards XRP, stating that he would immediately convert a hypothetical holding of 500,000 XRP into Bitcoin if given the choice. This latest commentary on XRP news comes as the token's price has fallen below $1, trading at $0.9980 with a significant decrease in volume.

Brandt's comments revive his long-standing criticism of XRP, which he has repeatedly voiced over the years. He has compared Ripple's relationship with XRP to the Federal Reserve's relationship with the U.S. dollar and referred to Ripple as XRP's 'bag holder.' His position on XRP softened temporarily in late 2024, but it appears that his views have reverted back to their original stance.

The token's price movement has been volatile, with a decline of about 72.6% from its all-time high in July 2025. The 24-hour volume stood at $437.26 million, representing a 57.33% decrease. This sharp drop in trading activity suggests that the market is experiencing increased selling pressure.

Brandt's latest comments on XRP news are a significant development for the token, which continues to face challenges in maintaining its price above the psychologically important $1 level.