Veteran trader Peter Brandt stated he has little interest in owning XRP and would immediately convert a large XRP position into Bitcoin. The Ripple-linked token is currently struggling to hold above the psychologically important $1 level, trading around $0.9992. XRP has plunged 72.6% from its all-time high of $3.65 reached on July 17, 2025, and is now worth less than the RLUSD stablecoin launched by Ripple in late 2024. Brandt, one of the most vocal critics of XRP, had temporarily softened his stance during XRP’s late 2024 rally before warning in March 2025 of a possible decline toward $1.07.
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