'Slighly Above Zero': Veteran Trader Mulls About Ultimate XRP Bottom
Analysis
Price Impact
MedPeter brandt is a highly respected and influential veteran trader. while his polls can be seen as provocative and sometimes contrarian, they often generate significant discussion and can influence market sentiment among traders who follow his analysis.
Trustworthiness
HighPrice Direction
BearishThe article details peter brandt's poll asking how low xrp's price might go, with options ranging from 'bottom is in' to 'slightly above zero.' he has historically been critical of xrp's long-term prospects and often compares its supporters to 'perma bulls.' the current price action described also suggests downward pressure after a significant breakdown.
Time Effect
ShortThe poll directly addresses imminent price action and support levels, indicating a focus on short-term price movements and immediate future outlook. the historical price action described also points to recent events.
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Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Veteran chartist Peter Brandt is taking aim at the XRP community once again. Advertisement The veteran commodities trader, who has playfully dubbed the asset's fervent supporters "Ripplettes", has come up with a rather provocative poll regarding XRP's impending price action. Brandt asked, "How deep into support do you Ripplettes think price could go?" The options that were included in Brandt's poll include "Bottom is in," a drop to "Support at .93xx," a deeper plunge to "Support at .72xx," and total capitulation to "Slightly above zero." HOT Stories Breaking: Ripple Expands Its Presence in Middle East with New HQ XRP Goes Mainstream in Japan with Rakuten Integration Attention all Ripplettes How deep into support do you Ripplettes think price could go? $XRP — The Factor Report (@PeterLBrandt) April 29, 2026 XRP's daily price action XRP was trading strongly in the $2.00 to $2.40 range in early January 2026 before suffering a catastrophic breakdown. The asset formed a cascading series of red daily candles, shedding roughly 50% of its value in a matter of weeks. The selling pressure reached its apex in early February with a massive, violent capitulation wick. Advertisement Buyers finally stepped in at this extreme low, pushing the daily close back up to establish a baseline near $1.30. A mid-March bounce was decisively rejected right at the $1.60 level. A subsequent attempt in mid-April barely managed to tag $1.50 before rolling over. Advertisement XRP is currently trading precariously at $1.37, according to the most recent data. Brandt has compared hardcore XRP supporters to "silver bugs." In late 2025, he bluntly stated that after trading for 50 years, the "perma bulls who I find most uneducated and biased are those who trumpet Silver and XRP." There have been years of hostility between Brandt and the XRP army. Following a massive breakout where XRP surged while the rest of the market remained stagnant, the commodity trader issued a rare, public apology to the XRP community. #XRP Price Prediction #Peter Brandt