Veteran trader Peter Brandt has once again criticized the XRP investor community, which he describes as cult-like. He clarified, however, that it is not necessary to be a “certified member” of this perceived cult to hold the token. Brandt, who focuses primarily on technical analysis, published a long-term weekly chart showing that XRP has been consolidating since 2017, with a breakout in late 2024, and is now approaching a neckline area between $1.50 and $1.60. He had previously predicted that XRP could reach $5.4. The XRP community pushed back, pointing to expanded use cases for the token and the impossibility of increasing its supply.
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