TLDR
- Peter Brandt warns that XRP and silver bulls are easily baited by market movements.
- XRP bulls have held strong despite long-term market struggles and legal challenges.
- Peter Brandt has over 50 years of trading experience, making his observations noteworthy.
- XRP saw a rise in 2024, with a 630% increase, but retraced by December.
Veteran trader Peter Brandt recently made waves in the cryptocurrency community with a pointed observation about XRP traders. Brandt, who has over 50 years of trading experience, shared that in his career, no group of traders has been “more easily baited” than XRP and silver bulls.
This comment sparked reactions among XRP supporters, many of whom have shown long-term commitment to the cryptocurrency despite ongoing challenges.
In my history of trading since 1975 (when Silver was at $5), no group of traders has been more easily baited than XRP and Silver bulls?
What does this say about them? Any theories?— Peter Brandt (@PeterLBrandt) December 29, 2025
Brandt’s statement was a reflection of what he has observed since 1975, when he began his trading journey. His remarks focused on the optimism and fervent belief often seen among XRP bulls, which he suggests makes them more susceptible to market manipulation.
XRP Bulls and Their Unwavering Conviction
One characteristic of XRP holders that often stands out is their strong conviction. Despite years of struggles, including legal battles with the U.S. Securities and Exchange Commission (SEC), XRP holders have remained resolute. The SEC lawsuit, which began in 2020, led to a prolonged period of uncertainty for the cryptocurrency, yet XRP’s community did not falter.
Even with XRP’s price stagnating for several years, especially when other cryptocurrencies reached new all-time highs in the 2021 bull run, XRP holders stayed hopeful. The unwavering nature of these investors is often remarked upon, drawing comparisons to other asset classes with similarly strong followings.
In 2024, XRP showed notable price growth, with its value increasing over 630% from its lows in November. This sharp rise was followed by a price correction, but the cryptocurrency remained a prominent asset in the market, attracting interest from institutional investors as well.
Brandt’s Long-Term View on XRP Traders
Peter Brandt’s criticism is rooted in his long-term perspective on market psychology. He has seen how certain groups, including XRP and silver bulls, can be overly optimistic, sometimes leading them to make risky trading decisions. In a recent post, he asked his 840,800 followers for theories about what this behavior might suggest about the traders involved.
Brandt’s comment underscores a trend that is often seen among bullish traders in volatile markets. Optimism can cloud judgment, making traders more vulnerable to market conditions that do not align with their expectations. This type of market behavior, according to Brandt, can lead to greater risks for those who do not stay aware of the larger picture.
XRP’s Recent Price Movements and Market Activity
The price of XRP saw impressive gains in 2024, rising from a low of around $0.50 to a high of $3.66 by July. However, the currency retraced much of these gains by December, with its value sitting at $1.86 at press time. This downward shift in December saw XRP’s value decrease by nearly 13% over the month and roughly 14% on an annual basis.
Despite the correction, XRP continues to draw significant attention, with some analysts noting the interest from institutional investors. XRP ETFs, for instance, saw $64 million in weekly net flows, a sign that large-scale investors are still looking at the asset.
XRP’s journey over the past few years has been marked by volatility, but its community of holders remains dedicated, reflecting the strong convictions that Peter Brandt has commented on in his long career.
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