Veteran trader Peter Brandt has reignited debate within the XRP community, criticizing what he describes as unquestioning loyalty among some holders while separately noting that XRP’s price chart may be developing a bullish structure.
In a post on X, Brandt said investors do not need to become “certified cult” members to take an interest in XRP. He explained that price charts have given his trading team enough reason to consider placing a bet, but cautioned that unquestioning loyalty should not be mistaken for open-mindedness. His comments target investor behavior rather than XRP ownership itself.
Brandt has previously acknowledged that XRP can process transactions efficiently and cheaply, yet he questions whether payment utility alone supports its valuation. He has also raised concerns about XRP’s substantial supply. XRP supporters have challenged that assessment, with XRPL validator Vet arguing that any changes to supply rules would require node operators to adopt them, addressing Brandt’s supply argument.
Despite the criticism, Brandt shared a weekly XRP chart showing a long consolidation following the 2017 rally, with a breakout from that structure in late 2024. More recent price action appears to form a potential inverse head-and-shoulders pattern. The pattern consists of a lower middle trough between two shallower troughs, with resistance connecting the intervening peaks. Brandt identifies the neckline at approximately $1.50 to $1.60. A sustained move above that range would support a bullish confirmation, while another rejection would leave the proposed reversal unconfirmed.
Brandt has separately shared a long-term XRP chart suggesting a possible eventual advance to $5.40, but he stressed that publishing a chart does not prove he has entered a position or establish when such a move might occur.
The reaction highlights the ongoing division between XRP skeptics and supporters, while the technical setup depends on whether price can clear the $1.50–$1.60 resistance zone.
