Legendary market analyst Peter Brandt has sparked controversy by sharply criticizing the XRP investor community, describing them as the "most uneducated and biased" group he has encountered in his 50-year trading career. In a post on X, Brandt grouped XRP permabulls alongside silver enthusiasts, stating this assessment is based on his experience trading thousands of contracts across commodities, stock indexes, and numerous cryptocurrencies.
The criticism comes amid a price decline for XRP, which has dropped below the psychological $2 level to around $1.98, despite recent positive fundamentals for the altcoin. Brandt has a history of bearish predictions for XRP, including forecasts of it trending toward zero against Bitcoin, which has previously drawn ire from the token's dedicated community, often called the 'XRP Army'.
The remarks prompted immediate pushback from figures within the XRP ecosystem. Pundit Zach Rector countered by noting that the "largest IQ holder," Bitcoin maximalist Young Hoon Kim, had recently announced he was starting to buy XRP and had become bullish on the asset. Kim predicted XRP could reach a new all-time high before year-end and potentially hit $100 within five years—a target that would imply a nearly $10 trillion market cap.
This debate highlights the ongoing clash between technical chart analysis, represented by Brandt, and community conviction driven by expectations of banking adoption and regulatory clarity. Edoardo Farina, founder of Alpha Lions Academy, maintained a bullish stance, suggesting that holding 10,000 XRP could lead to significant financial freedom, though without providing a specific timeline.
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