Veteran commodities trader Peter Brandt has once again targeted the XRP community with a provocative poll suggesting the token could face a dramatic price decline. In a recent post on social media platform X, Brandt asked his followers: "How deep into support do you Ripplettes think price could go?" The poll offered several bearish options, including "Bottom is in," a drop to "Support at .93xx," a deeper plunge to "Support at .72xx," and total capitulation to "Slightly above zero."
Brandt's warning comes as XRP struggles near critical support levels. The token is currently trading at approximately $1.37, down sharply from its early January range of $2.00 to $2.40. In early February, XRP experienced a catastrophic breakdown, losing nearly 50% of its value in a matter of weeks. A massive capitulation wick marked the bottom, with buyers stepping in near the $1.30 level to stabilize the asset. However, recovery attempts have been weak. A mid-March bounce was decisively rejected at $1.60, and a mid-April attempt barely reached $1.50 before rolling over.
Brandt has a long history of friction with the XRP community, often referring to its supporters as "Ripplettes." In late 2025, he compared hardcore XRP advocates to "silver bugs," stating that after 50 years of trading, "the perma bulls who I find most uneducated and biased are those who trumpet Silver and XRP." Notably, after XRP surged dramatically in a 2024 breakout while the broader market lagged, Brandt issued a rare apology to the XRP community.
Despite the token's struggles, broader uncertainty across digital asset markets continues to weigh on XRP's outlook. The consistent inability to reclaim the $1.50 to $1.60 range highlights persistent resistance, reinforcing a bearish trend. According to Brandt, the current technical structure leaves room for further downside, and traders are now closely watching whether the $1.37 level can hold against ongoing selling pressure.
